A bullish bat trading opportunity within the PRZ. Trade already engaged as its within the buy zone of the 4-hourly chart.
It has a harmonic Bat Pattern. Let's follow where will it move :))
A bullish bat pattern as a counter-trend trading opportunity. I will be taking the regular target and not extend the target for this trade setup. Trade has already engaged.
CMT BTC BULLISH HARMONIC BAT PATTERN Lets see what's going on on pattern
Bitcoins Retracement after the 40% leg up is developing into 2 harmonic patterns. Currently eyeing a bullish Shark that's just past the reversal zone. Entry for that shark is 8676 as phantom indicator demonstrates. That level is also very close to the 61.8 retracement, which was likely front ran. Support level 2, is right at the 61.8 retracement. @ $8558 If...
Waiting for the bullish bat to form up within the buy zone and head in for aggressive buy(which means I may not be waiting for PRZ and it all depends on how the candle close at Point D) I may be planning for a stack trade for this setup. Let's see how this goes.
A bullish bat is most likely going to form up but looks at Point C, that is a big warning sign as it touches A. I will then wait for confirmation before a trade can be entered. No doubt the setup happen within the buy zone but that's not good enough.
NZDUSD formed a bullish bat pattern and AB=CD completed good to long now SL : 0.6330 TP : Follow arrow
I've adjusted my previous pattern and it now seems to fit the standard better but this is on the 4 hour chart GBPCAD and what I believe is a Bullish Bat forming. I've also added In my Stop loss and Take profit measurements, as I said this is my first pattern so any criticism, comments or advice are welcome.
After my previous entry at 21 cents, we may be looking for another reentry around .2145 cents! This is the PCZ of the potential Bullish Bat. Keep in mind, I have the magnet on when plotting this harmonics. Look at the confluence there! It is absolutely gorgeous. It really doesn't get that much better from here! An idea from here, but it looks like you may be...
A bullish bat setup within the buy zone, I will give more attention to this setup when the candle breaks and close below point B. This forms an potential for trend continuation to the bearish shark pattern on 1-hourly chart or a bearish bat on the daily chart.
BTCUSD had a lovely pump couple of days ago, fueled by the awesome new from China's Govt that we should all "Seize The Opportunity" to get Bitcoin. It is rare for the Chinese Top Official to issue such a bold and clear statement to the public. Fundamentals for Bitcoin is solid with Halving just about half a year from now, things are getting exciting ;p Being a...
A buying opportunity for the bullish bat will definitely need confirmation before engaging this trade, may extend target the daily chart bearish bat pattern.
Having a mixed sentiment on EURUSD across all 3 timeframe traders will have to be careful and precise with their analysis. I'm waiting for a retracement on the 1-hourly chart for a selling opportunity and extend my final target to 4-hourly bullish bat completion. Upon the confirmation of the bat, I will have an extended target to the bearish shark on the daily chart.
Everyone hates to see downward price action, but we are showing 4 hour bearish convergence, although you are not showing separate islands, so it isn't the strongest. But you are in the makes of a potential Bullish Bat. It is better depicted on other exchanges, especially Gate.io. But, it is still valid so far on Binance. I am currently short on this asset and am...
BITFINEX:XRPUSD XRP is making a case for a bullish bat pattern. This pattern has great risk to reward ratio. It's near the bottom and the target's are 0.618 fib and 1.618 fib extension from A/D leg. So if you like this idea share it with your friends and leave a comment bellow.