The Bat Pattern is a 5-point retracement structure that was discovered by Scott Carney in 2001. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg must be less than a 0.618, preferably a 0.50 or 0.382 and the PRZ consists of 3 converging harmonic levels: 1) 0.886 retracement of the primary XA leg, 2) extended AB=CD pattern, usually 1.27 AB=CD and 3) minimum BC projection is 1.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level would be behind the X-point. Conservative traders may look for additional confirmation. Bat Patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool that allows users to visually identify 5-point reversal structures on a chart.
#BAT / BTC ( Most Exchanges )
Buy Range : 2500-2570
Stop Loss : below 0.00002000
Target 1 : 2977
Target 2 : 3858
Target 3 : 5544
WEEKLY CHART
https://www.tradingview.com/x/57fX3mQc/
- Interesant 8-9 on TD sequential ( Positive )
- Reversal hammer candle and positive green continuation ( Positive )
- Stoch RSI on the lows like Oct-Nov on last year. A good ...
I love to Trade this Gartley Pattern and now it has another reason for me to buy The recent move of this pair fromed a Ending Diagnol Buy at the the lower edge of the Wedge and a upside break out will confirm the bullish move.
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Bitcoin cannot currently scale. The Bitcoin blocks are going to be full again very soon. This will lead to skyrocketing transaction fees, slow transactions, failed transactions, and people choosing to use other networks to transfer and store value, because there are other networks that are more scalable, faster, cheaper, ...
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Ripple is in a potential bullish harmonic reversal zone here. There's also a weekly bullish divergent bar, and the weekly momentum is starting to diverge and turn around. We're also within the correct time zone for this wave to end, along with the inside Elliott wave count for wave-(d) matching that of ...
Technical model of BAT partern being formed with EOS
Section XA is formed from 54482 to the peak of 243000
Section AB corrects 50% to 138342 area
Section 78 corrected 78.6% to reach target 203144
Under the BAT model, the AD segment edged up 88% on the 70846 price target.
With the goal of perfecting this wave, we will enter the order with waves as follows:
- ...
AGI - H1 - BAT model
The bat model is also forming with AGI
EP: 980
TP: 1217
EP *: 1024
TP *: 1596
Garley models need to place SLs just below the EP zones
Wish you successful trading!
I know this is pretty sketchy.. but the amount of time from when Coinbase announced ETC and the time before they added it is close to the amount of time we've been waiting for the ERC20 coins to be added (ZRX and BAT in my opinion). I assumed they would wait until BTC started to move up, and because we are getting close to a possible ETF announcement... well.. ...
FX:EURUSD / H4 / TECHNICAL CHART
Wait for Pullback and then SELL.
On the contrary, if price breaks 1.1625 strongly, it might go towards 1.1695 and 1.1733 as well.
The price broke through Fib 0.786 Resistance level and managed to consolidate. Up from this moment there are 2 possible scenarios:
1. The price can go straight up to the 1st target which is drawn at the chart
2. The price will breakdown the support of Fib level and will head to the next major support level which is located at the parallel projection of the upper ...
![BATBTC: [BAT/BTC] TRYING TO CATCH THE KNIFE [ 25-125% PROFIT ]](https://s3.tradingview.com/x/xbU1iETZ_mid.webp "[BAT/BTC] TRYING TO CATCH THE KNIFE [ 25-125% PROFIT ]")
