Bat
3 Trading Scenarios To Choose From - Which Do You Prefer? The setup that we're looking at in this video is going to be a potential bearish bat pattern on GOLD.
However, what's more important is the lesson that I wanted to cover on different tactics for adjusting your stop/loss & dig into the pro's and con's of each.
I'd love to hear which way you guys would choose in this particular situation (or in general) so please share your opinion in the comments section below.
Wishing a great weekend and a great upcoming week in the markets.
Akil
A Harmonic Pattern Entry Into A Potential Continuation TradeI don't look at Bitcoin often but when answering a question for another trader this weekend I stumbled across an interesting opportunity.
Higher timeframe we've recently broken and closed above a previous high, allowing me to project that price is likely to continue higher.
We've already started to retracement in the form of a complex pullback and if you look carefully on the lower timeframe this complex pullback as also created a bullish bat pattern which could be used as an entry.
Please leave any questions or comments below
Akil
GOLD - Bullish Trend Continuation w/ Bat Pattern & Complex PBGold has been on a tear for sometime now & well, you know what they say, all good things must come to an end. In saying end, we don't necessarily mean a forever end, but perhaps sometimes a break.
After failing to make a new high, it seems like Gold has reached it's excess or exhaustion phase & is beginning to show signs of relief. If this relief were to continue, not only do we have a good structure level to look for buys at, but it's also accompanied with a potential bullish bat pattern.
Please leave any questions or comments below & if you'd like to share your views from either a fundamental or technical perspective, please do so as I love the conversation.
Akil
NZDCAD - Using Higher Timeframe Analysis To Pick Bigger TargetsIn this video we take a look art a potential bullish bat pattern on the NZDCAD. However, what makes this potential bat pattern different than most is the fact that it aligns with a potential bearish trend continuation setup on the higher timeframe as well.
What this allows for is 3 different ways to take this trade.
1) As a normal bat pattern with normal targets
2) Using the bat pattern as simply an aggressive entry reason for the bigger continuation trade
3) Taking partial targets off at the bat pattern target 1 level & shifting your secondary targets to the trend continuation target level.
The combinations are honestly endless, but this provides an excellent example of why higher timeframe analysis can be so important.
Akil
USDCAD - Bear Bat Pattern - Aggressive & Conservative ApproachesToday we look at both aggressive & conservative ways to trade a completed bearish bat pattern on the USDCAD using both simple & classic chart patterns such as rising channels & double tops to give us confirmation.
In this video, we also discuss other elements of technical analysis including the Lower Low, Lower Close candlestick combination, the RSI and more.
Akil
BAT/USDT Analysis: Ready for a Breakout?👀👉 Currently, BAT/USDT is trading within a range on the 30-minute chart. We're at a pivotal moment where a breakout could occur in either direction—bullish or bearish. While the higher timeframes indicate a bullish trend, predicting cryptocurrency movements can be quite challenging. We must remain cautious, as sideways price action often leads to unexpected rallies or declines. A strategic approach is to wait for a decisive break above or below the current range. This will help us identify the direction to engage in the market effectively. Remember, this video is intended for educational purposes only and should not be considered financial advice.
BAT - The FRACTAL No One Talks About💥Hi Traders, Investors and Speculators of the Charts 📈📉
For the longer term, Basic Attention Token BATUSDT is another altcoin I am extremely bullish on - and it's currently trading in an ideal accumulation zone ! What I expect for BAT is similar to a scenario that played out in November 2020 - April 2021. Notice that this occurs over a longer period, where the price of BAT went from $0.16c parabolic to $1.64 at its highest point. Therefore, the price must first fall lower towards the bottom of the support zone where there is a large demand zone . In other words, DOWN first, then UP.
And remember.. Don't be a Bob-Trader:
The continues market cycle between Bitcoin and altcoins can clearly be seen at the moment. It goes something like this:
🤩 Bitcoin goes UP ... Bob Fomo buys the rally
🤔 Bitcoin corrects ... Bob panics and sells
🤑 Altcoin rallies ... Bob thinks, screw BTC , I'm going all in on this altcoin
😨 Altcoins correct ... Bob panics. Altcoins are scams! Sells everything
🤩 Bitcoin goes up .... Bob Fomo buys the rally
Moral of the story...Don't be like Bob. Don't try to FOMO in whilst the price is going up. Plan your trade, preset your TP and SL.
While you're here 👀 Check out this idea on Bitcoin:
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
EURUSD - Breaking Down Buying Opportunities for the Week AheadHere's a look at the FX:EURUSD & the potential buying opportunities that I have on my radar for the week ahead.
More specifically what I'm looking at is a potential Bat Pattern with multiple points of confluence that can be used as a strictly in & out type of countertrend trade or an entry into a longer-term continuation setup depending on your big picture view.
As always if you have any questions, comments or just want to share you views on the EURUSD please leave them below & please remember to hit that ROCKET SHIP button before you leave to show me some love.
Akil
GBPUSD - 1 HOUR - POTENTIAL BULLISH BAT PATTERNLots of movement on a Monday & the results are a few retracements that have led to a couple advanced pattern formations. Here on the FX:GBPUSD we have a potential bullish bat pattern that also can be looked at as an entry into a higher timeframe bullish continuation trade as well.
If you have any questions about anything discussed in the video please let me know in the comments section below or shoot me a private message.
Your Trading Coach - Akil
TWITTER Bearish Bat SETUP 🦇Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
The recent logo change following Elon Musk 's acquisition of Twitter has definitely affected the price of both Twitter and Dogecoin. But the rumor, sell the news and so it seems Twitter is taking a dive after a log period of upward price action. The bearish harmonic bat pattern short setup is discussed in detail in the video. Note that the prices are NOT USD, since Twitter is now a privately owned company and was removed from the NYSE late last year.
Here's a more in-depth educational idea on bullish and bearish bat / harmonic bat pattern / cypher patterns :
In another related idea concerning the logo change from the blue Twitter bird to the DOGE meme pup:
_______________________
📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎
We thank you for your support !
CryptoCheck
ETHUSDT - Harmonic Bullish Bat Setup 🦇Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
A Harmonic Pattern is hard to spot, and of top of that it needs to fulfill certain criteria before it can be considered a valid pattern. I've identified a bullish harmonic bat on Ethereum / ETHUSDT that is busy playing out. One of the criteria's still need to be filled : a drop to support zone of $1050 price range. From here, I detail a long setup with potential of +60%, according to harmonic bat pattern rules, entries and exits.
Cheat Sheet to Harmonic bat patterns, bullish and bearish :
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
BANK NIFTYHello and welcome to this analysis
Bank Nifty has activated a Bearish Harmonic Bat in daily time frame.
The anticipated retracement levels are 38-50-62% of the upmove. The view would be negated if it sustains above 41530.
As per Ichimoku Time and Wave Theory also we have a turn date activated. Until it sustains below 41530 it would remain weak. In case it breaks on the upside then the low of Friday October 28 would be considered as a stop loss for longs
BATUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price has received support at the support zone and has also broken, the resistance line moving up to the resistance zone. The price can be rejected from here and move down to the support zone. So you can Short it here for the support zone. If the price goes above the resistance zone, it will move up to the next resistance zone.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Bullish bat and/or a double bottom, bullish divergence on 2HIt's been a very rough ride as an overleveraged altcoin bull, but at the moment I have a decent amount of bullish confidence despite the potential invasion of Ukraine and the correlation with the ugliness of the stock market.
In this second take I forgot to clearly show the RSI making a lower low when the price made a higher low (the 2H bullish divergence), but trust me or check it yourself :)
It seems my mic cut out a bit at the end, so for clarity's sake, "The double bottom target would be about $57k."
BATBTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. We see the S1 line which was previously the resistance line. Now the price has been able to break it and is moving up. There is the R1 line which the price has hit several times and could not break it. We expect the price to hit it once more and then fall down after not being able to break it. But if it is able to break it to the upside, the R2 zone is waiting for it which is a very strong resistance zone. We also have the S2 line which has supported the price several times. It is also likely for the price to make a pullback to the S2 line where we can set a buy order for higher targets. If the S2 line is also lost then there will be more falling.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
🚀🚀🚀LITECOIN 🚀🚀🚀🚀 My Litecoin technical analysis
I go over a bullish bat formation
stop levels,
take profit levels
Entry levels
risk to reward profile
also go over trend continuation trades.
entry, stops, and target on them too
What a three-point move is.
What an Impulse leg is
lots of information in short time.
watch it couple 20 times
This is the rules I use
Video is ok imo
I hope to do better in the future
me learning
share if you found value
Thanks
GL on your trades
Remember
A good trade setup can be a losing trade
Is Coinbase @ A value Entry ?Today COIN took a large dip based on some skewed earnings. However with Crypto interest expanding as well as The NFT market buyers come in to show lots of support and didn't let it break $300 level support. Keep an eye open tomorrow as it may present a buying opportunity early in the trading session.