Ethereum / BitcoinShort
ETHBTC 3hr BAMM (Bat) and Gartley Patterns
We've got a valid Bat, that could shoot through B point starting the BAMM. (Measurements at bottom).
Also a Gartley if it breaks up, and will be looking for reversal at D
With these patterns especially the BAMM, it's really important to see it break the point, and close. I had previously posted a BAMM pattern that bounced at B but never broke B point - that's not a trade that I took, make sure it breaks the support or resistance line!! Candlesticks are KEY! They'll tell you if you can take the trade.
BAMM is 2.26 R/R ratio
Gartley is less with 1.84 R/R Ratio
Bat Pattern Measurements
A = .382 - .5
B = .382 - .886
C = 1.618 -2.618
X to D = .886
Gartley Pattern Measurements
A = .618
B = .386 - .886
C = 1.272 - 1.618
X to D = .786
Note 1: Always draw it on your own chart to get exact measurements! Make sure you have confirmation candlestick patterns CLOSED before entering - it may shoot through the D reversal zone!
Note 2: To trade this, you must own Ethereum and sell into Bitcoin
You're welcome to repost this, just mention corganmusic! :)
For those looking to learn to trade, message me! Good luck out there!
Update idea
Also a Gartley if it breaks up, and will be looking for reversal at D
With these patterns especially the BAMM, it's really important to see it break the point, and close. I had previously posted a BAMM pattern that bounced at B but never broke B point - that's not a trade that I took, make sure it breaks the support or resistance line!! Candlesticks are KEY! They'll tell you if you can take the trade.
BAMM is 2.26 R/R ratio
Gartley is less with 1.84 R/R Ratio
Bat Pattern Measurements
A = .382 - .5
B = .382 - .886
C = 1.618 -2.618
X to D = .886
Gartley Pattern Measurements
A = .618
B = .386 - .886
C = 1.272 - 1.618
X to D = .786
Note 1: Always draw it on your own chart to get exact measurements! Make sure you have confirmation candlestick patterns CLOSED before entering - it may shoot through the D reversal zone!
Note 2: To trade this, you must own Ethereum and sell into Bitcoin
You're welcome to repost this, just mention corganmusic! :)
For those looking to learn to trade, message me! Good luck out there!
Update idea
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