Fantom just formed a beautiful bearish harmonic Bat pattern and started its downward journey from the final point. Bears can start selling targeting the demand zones shown on the chart. We alseo have to wait for market act.
We have 4 Hour Hidden MACD Bearish Divergence at the PCZ of a Bearish Bat and i think Doge could probably target the bottom of the range at $0.075 from here.
We do also have Bearish Divergence on the monthly and some of the lower timeframes but the stucture looks the smoothest on the 2 week. We have Confimed the Bearish Dragon Breakdown and are working on confirming the 3 Falling Peaks Pattern if we Break Below $86.78
Bitcoin looks ready to begin creating the Potential Right Shoulder of this Potential Inverse Head and Shoulders as it is at the level of what would have to be the neckline while overbought and within the 0.886-1.13 PCZ of this Bearish Alternate Bat it's traded within.
If this Inverted Head and Shoulders plays out, the Alternate Bat will underperform and not give...
ETH has had a Massive Surge in Futures Positions and that has thrown off the previous trade and sent it to the .886 Retrace if it gets above this level it will likely see an even bigger 886 retrace of the highs up to $1600 but for now im still betting against that and will be trading this much more local Bearish Bat with the hopes of it breaking below the...
We have MACD Bearish DIvergence at the PCZ of a Bearish Bat on the Monthly with a very promising Double Top. On a side note this company is likely to face serious issues in not being able to cover it's debts as the economy tightens and willingness to pay premiums at secondhand retail decreases.
BTC is trading within a Harmonic Range today and while the Bearish Shark did perform well last night, ultimately price has come back up and created a Bearish Bat at the VAH while showing Bearish Divergence on Volatility. As the 89SMA approaches i'd want to see BTC come down towards and break the confirmation line to begin a move down to $16,500-$15,000 to complete...
Since the analysis is unchanged, I won't be posting on the daily chart; check the link below and see how nicely the candlestick "respected" The Devil's Finger as it reversed on the trendline once touching it. That is the primary engagement method I will execute in my trade plan.
On the lower timeframe trading setup, you can wait for a break and close below...
The Devil's Touch, YES, I called it!
I'm waiting for a shorting opportunity the moment the market retest the red trendline but not closing above it or when the market break and close below the red trendline, although a retest of the Bearish Bat Pattern would do just fine.
What is nice about this setup, is that, there is a RSI Divergence within the setup.
On the bigger timeframe, shorting AUDUSD is considered a trend-trading setup. Hence, 0.6829 will be the level I'm waiting for a shorting opportunity by waiting for the Bearish Shark Pattern confirmation. A 3-bar reversal is essential in the setup.
A Bearish Shark Pattern setup coincides with the Daily Chart Bearish Bat Pattern. Both setups are on a retest of the level, and shorting it would consider a trend trading setup.
A bearish Bat trading setup for advanced and experienced traders to engage. The downside to this, is you have to watch this closely, at least till target1 was hit.
AUDCAD completing a Bearish Bat at the 0.9050 zone. The Daily chart is also showing us a Bearish Divergence on the RSI.
I would be looking into the lower timeframe for a short entry
