Intraday short on the H1 Bearish Bat Pattern setup
As we have a big time frame view that the bottom haven been breached, should have more room for ADA to go lower before reversal in trend.
Do like, share and follow us for more analysis like this regularly.
BTC climbed to 5500 last week and fell because it came to our big time frame supply level, marked between 5280-5665.
Market participants always work the same way, buying after a rally or selling after a huge drop. What we should do is actually the opposite, selling when the price is high and buying when its low, hence the famous phrase "Buy Low Sell High"....
Bearish Bat + Supply Zone + Opposite Bullish Bat retracement level for a potential sell.
Price reacted from our Daily Bullish Bat pattern and strong Demand Zone to signal uptrend is potentially underway. For more aggressive traders, consider going down to smaller timeframe and buy on demand zone towards our sell area before reversing your trade...
Cardano (ADABTC) has gained more than 40% in a span of 10 days while BTC and other Alts are not having similar behaviours. We are aware of the good news circling around ADA, however our technical analysis shows that a reversal to the Bear is near.
Here we have at Daily Supply level a Bearish Bat Pattern (Daily Time Frame) and price was slightly short to complete...
BTC is on an upward trend channel since start of March 2019 and current price is situated at the bottom of the trend channel. On top of that, notice the circles I have drawn, they are supports at the same price level and coincides with the trend channel's bottom. Retail traders will be buying at this point but the opposite is exact what I will be doing, especially...
Was slightly late in identifying this setup. I usually will short on the Right Shoulder and take my TP1 at the neckline. Price has risen significantly last night and a change in trend is underway.
However, there may be chance for a small pullback up and then take the short.
One thing to note for all traders, DO NOT chase the trade! I repeat DO NOT chase! We...
The pair have a good uptrend run since it's sharp decline on 23 Feb 2019. I am seeing it to continue somemore if it breaks and closes above the immediate resistance line (blue dotted line). Major supply level at 4162.
If price comes down to my prz levels between 3892 - 3912 I am interested to take a long position. Take note these harmonics completion levels are...
Spotted this intraday trade to sell the TRX March Contract. As the TRXH19 is expiring on 29 March 2019, we try to avoid swing trades while waiting for the June Contract to be out. Sell the 0.5 retracement which coincide with our Supply Zone.
Stop Loss 610
Reward-Risk almost 2:1
Do like, share and follow me for more analysis...
Been observing this ticker for a few days now, notice on how the trendlines are drawn:
- From higher high to lower high to lower high
- From lower low to higher low to higher low
The two trendlines looks like they are converging to a single point.
This is a consolidation pattern of price action and price is about to break out from the pattern. On a Daily Time...
EOSBTC has just been bounced off from a very important S&R zone based on 19. Feb where retracements and consolidations are rejected. It has also bounced off the trendline. Furthermore, RSI divergence is showing on the 1H chart itself. Let's ride EOSBTC down.
Do like, share and follow me for more analysis like this.
BTCUSDT Just completed Bullish Bat Completion. Long shadow bullish candle spotted and it also coincides with AB = CD move.
Opportunity for re-entry if price comes into the box again. To look out for its candle closing and also RSI divergence for a possible Double Bottom before going for a long.
Trading against the trend and TP1 at about 1:1 Risk-Reward. Higher...
Looks like ETHUSD is going to drop in prices as it has touched the resistance along the trendline. Furthermore, there is a formation of a shooting star as well as hidden divergence which makes the chart extremely bearish for the next few weeks.