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.
BTC Made a 2nd Try to break new low
but failed
now Price has shown positive signal with
9600 well supported.
We can find pull back to enter a buy
TP1: 11614 TP2: 12726
When the Blue Bat Pattern complete,
we need to take profit of our longs
and watch price-action to find short opportunity
We are doing Analysis of AltCoin MarketCap on 3 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
NVDA MID TERM INVESTMENT IDEA
C point is Higher than A
and today it just makes a higher high
Therfore its good to invest some shares in NVDA
and hold to 228.79 and 274.29
SL below 130
The priceline of Contentos (COS) / Bitcoin cryptocurrency has formed BAT pattern and entered in potential reversal zone.
Here we have a consolidation level at 0.00000286 sats.
I have defined the targets using fibonacci sequence accordingly:
Buy between: 0.00000313 to 0.00000295
Sell between: 0.00000346 to 0.00000410
Regard,
Atif Akbar (moon333)
Wish Everyone The Dragon Boat Festival
BTC Now complete the Bullish Bat pattern
and good price action with the yellow demand zone
Therefore we can buy BTC now and SL below X
TP1: 8500 TP2: Long term Hold
A lot of gains could be realised in basic attention token over the long term, certainly with its fall over the previous 2 months. We believe that there is a lot of gains to be had with this over the longer period with the technology and use case of the brave browser.
The priceline of Cindicator / Bitcoin Cryptocurrency has formed a bullish bat pattern.
Now the price action has entered in potential reversal zone and from here it can take bullish divergence at any time insha Allah.
The targets are:
Buy between: 0.00000117 to 0.00000015
Sell between: 0.00000195 to 0.00000386
Regards,
Atif Akbar (moon333)
We spotted Basic Attention Token (BATBTC) over a month ago. We expected the drop and the jump that is about to follow...
This trade idea is meant as a reminder to all of our great readers, supporters and followers who would like to profits from this pair.
BATBTC will enter strong bullish action soon.
Note: BAT knows how to sustain an uptrend, so once it takes...
We are doing Analysis of BTCUSDT on weekly Timeframe.
Btc. Dominance Comparison to Altcoin Market Cap
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
The priceline of Bitcoin Cash ABC / Bitcoin cryptocurrency has completed a bullish BAT pattern and entered in potential reversal zone.
From here the price action can hit the sell targets soon insha Allah.
The targets are:
Buy between: 0.032792 to 0.028410
Sell between: 0.043266 to 0.058977
Regards,
Atif Akbar (moon333)
GBP/USD is currently forming a bullish bat pattern on the 4h chart, providing a trading opportunity with a 1:2.24 risk to reward.
The measurements for a valid bat pattern are detailed below.
XA Retracement: 0.382 - 0.50
AB Retracement: 0.382 - 0.886
BC Projection: 1.618 - 2.618
XA Retracement: 0.886
All 3 measurements form within a close proximity in the...
You are at the PCZ of the potential Bullish Cypher with Bullish Divergence and also at support. This is an extremely low risk entry, and you really only risk a little over 3% with your stop slightly below x and under support. Potential Targets are listed above. 1st being our conservative target of 0.234, second at 0.252, third at Wick A (0.2638) and our the 100%...
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