ninjabenja
Long

Short term long, Medium term Short, Long term Long :)

BITSTAMP:BTCUSD   Bitcoin / Dollar
The chart speaks for itself. This one is spot on. PRZ ( OTE             short) between the .618 BC             extension (at damn near $630) and .886 of XA retracement ($667), which is also on top of the "preferred" completion point of 2.00 extension BC             .


Here's the "by the book" on a harmonic Bat Pattern: http://www.trade-forex-harmonic-patterns.com/harmonic-bat-pattern.html
HamzaLeith
2 years ago
Nice call! If you use heiken ashi bars and choose the top of the first red candle towards A (regard that as the X) and draw a schiff pitchfork between the extremes then D of that bat pattern comes RIGHT at the median line of that fork AND the 0.68 retracement. so I think the reversal will be at 640. Good trading.
snapshot
Reply
ninjabenja PRO HamzaLeith
2 years ago
Thanks for the input! Yet to play with Heiken Ashi but nice to get the added scrutiny and a bit of outside confirmation.
Reply
HamzaLeith ninjabenja
2 years ago
You are welcome. It seems like a weird way to identify X but Ive been testing it for over a month now and found out that even though it increases the risk (stop loss still goes above the "conventional" X) it also made sure that I entered many winning trades based on advanced patterns which otherwise I would have missed. If you want to see an example here is an idea where Ive put it to the test upfront. Cheers
Conventional VS. My experimental advanced pattern
Reply
Just an update on the chart which is still in progress. Kudos to those who had patience- it paid off.
snapshot
Reply
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out