Bullish Bat
CMT BTC BULLISH HARMONIC BAT PATTERNCMT BTC BULLISH HARMONIC BAT PATTERN
Lets see what's going on on pattern
BTC, 3 support levels to lookout forBitcoins Retracement after the 40% leg up is developing into 2 harmonic patterns.
Currently eyeing a bullish Shark that's just past the reversal zone.
Entry for that shark is 8676 as phantom indicator demonstrates.
That level is also very close to the 61.8 retracement, which was likely front ran.
Support level 2, is right at the 61.8 retracement.
@ $8558
If both supports fail, then BTC is likely headed down to complete the bat formation, with a potential reversal zone and bottom:
Support level 3: $7664
I'm using indicators by @coinobsAlgos
Indicator 1: Left chart
Harmonics Scanner
Indicator 2: Right Chart
Phantom
GBPUSD-Weekly Market Analysis-Nov19,Wk3Waiting for the bullish bat to form up within the buy zone and head in for aggressive buy(which means I may not be waiting for PRZ and it all depends on how the candle close at Point D)
I may be planning for a stack trade for this setup. Let's see how this goes.
GBPCAD potential Bullish Bat formingI've adjusted my previous pattern and it now seems to fit the standard better but this is on the 4 hour chart GBPCAD and what I believe is a Bullish Bat forming. I've also added In my Stop loss and Take profit measurements, as I said this is my first pattern so any criticism, comments or advice are welcome.
Algo 4 Hour Bullish BatAfter my previous entry at 21 cents, we may be looking for another reentry around .2145 cents! This is the PCZ of the potential Bullish Bat. Keep in mind, I have the magnet on when plotting this harmonics. Look at the confluence there! It is absolutely gorgeous. It really doesn't get that much better from here! An idea from here, but it looks like you may be selling off after major 4 hour bearish convergence. You didn't even show positive momentum on the previous run up.
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$BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z
$LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn
$ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9
$x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc
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BTCUSD - Price that I love to load my holdings of BTCBTCUSD had a lovely pump couple of days ago, fueled by the awesome new from China's Govt that we should all "Seize The Opportunity" to get Bitcoin. It is rare for the Chinese Top Official to issue such a bold and clear statement to the public. Fundamentals for Bitcoin is solid with Halving just about half a year from now, things are getting exciting ;p
Being a strong believer of Bitcoin and Cryptocurrency, let me share my humble analysis with the TradingView community on BTC.
To start off, I bought some BTC at 7500 as that area shows strong buy interest. Big time frame at that time still looks like a downtrend and I am still hopeful to get more BTC at lower price. However, nobody expect the news from China (unless you know somebody which gives you the juicy insider tips.. heh), at least I am in and taken a nice position.
Now, to my charts. I have marked out the start of the move to be at 7550 region and also the consolidation area where BTC is likely going to base before making the next move. If it goes up and make new high, I am sure to say trend has change from down to UP and it will likely be parabolic run up to 14k easily. However, if it comes down, we have a good chance for the Bullish Bat to complete, coincidentally at my preferred buy area.
Things we can do now:
1) Play the base or consolidation bounce, however I will prefer to do only the longs and not short, I just cant bear to part with my precious BTC :)
2) Be patience and wait for market to show her hand, if it comes down, long it at proposed levels! If it breaks up, buy each pull backs to trade with the trend.
Do like and share this post. I use a combination of trading strategies such as Supply & Demand ( SND ), Harmonics Patterns, Multiple Time Frame Analysis , Candlestick Analysis to name a few. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
EURUSD-Weekly Market Analysis-Nov19,Wk1Having a mixed sentiment on EURUSD across all 3 timeframe traders will have to be careful and precise with their analysis.
I'm waiting for a retracement on the 1-hourly chart for a selling opportunity and extend my final target to 4-hourly bullish bat completion.
Upon the confirmation of the bat, I will have an extended target to the bearish shark on the daily chart.
Beam Bullish Bat PCZEveryone hates to see downward price action, but we are showing 4 hour bearish convergence, although you are not showing separate islands, so it isn't the strongest. But you are in the makes of a potential Bullish Bat. It is better depicted on other exchanges, especially Gate.io. But, it is still valid so far on Binance. I am currently short on this asset and am waiting for a long reentry at the pcz around .51-.52ish cents. This is a potential phenomenal trade set up in terms of a win/loss ratio. You'd set your stop under X and my first two profit taking levels would be at A and C and then my Third would be in that common retrace area. We'd hope to see the Daily bullish Divergence play out soon which it very well may at the pcz of the Bullish Bat. So, if we were to run downwards on to the PCZ of the potential Bullish Bat and form triple Bullish Daily Bullish Divergence and form RSI tail end Bullish Divergence <3
Twitter: twitter.com
If you want to be a loving supporter of me and my "ChArtworks"
$BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z
$LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn
$ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9
$x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc
Donations are never required but they are greatly appreciated! Your Supportive comments and follows are good enough too :D <3
Join the best Crypto and Technical Analysis Community in the world!
Discord: discord.gg
(Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
ALGO Overwhelming Bullish Indicators on the BTC PairThis is a position I took at wave C of the Bearish Butterfly at 2631 sats and ended up taking profit at the top of the Ascending Triangle at 3237 sats for about a 21-22%ish gain. I am looking for a potential reentry between the bottom of the Ascending Triangle or the PCZ of the potential Bullish Bat. That being said, the Bearish Butterfly PCZ takes us slightly below the common retrace zone. Buuut, the newly found Ascending Triangle takes us right in the zone for the measured move. Potential gains here are insane. You have broken out of a downtrend we've been in for the longest time on both the Linear and Log scale. This is something I have posted a little while ago too! <3