Get started

Bat

Has Ethereum set a Bull Trap for us ❗️❓🗑🦇Today I have prepared for you different Ethereum scenarios for the coming days.🔜 Let's start with trading volume. If you look closely at my Ethereum chart, you will see that the heavy support zone currently on the chart, called the heavy resistance zone has been broken by long-bodied, red, high-volume candles. But in this one month when Ethereum has seen an upward trend, a significant volume is not visible in the chart; although Ethereum was able to break the heavy resistance zone, but is it possible that Ethereum has made a trap(bull trap) for us or not❗️❓ Stay with me in the rest of this post to answer the above question.😊 As you can see in the Ethereum chart, Ethereum is moving after breaking the heavy resistance zone and important downtrend line and SMA200 in PRZ(Price Reversal Zone), so it seems that the D point of bearish 🦇bat🦇 harmonic pattern is formed in PRZ and TRZ(Time Reversal Zone). Also, w can see the end of movement in the StochRSI indicator.👇 Therefore, I expect Ethereum to at least return to the heavy resistance zone and the important downtrend line and SMA200. And since Ethereum has not seen a certain volume in this one month, the possibility that Ethereum has set a trap for us (bull trap) is very high (most of the tokens are active on the Ethereum network, so take care of your portfolio in the coming days). Ethereum Analyze ( ETHUSDT ) Daily Timeframe ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
2
BTCUSD: Bearish Bat Looking to retrace back to $18448.51Bitcoin 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 us the full 100% Retrace backdown to 15.3k; but if not the price will go much lower and perhaps even lower than 15k so i will be managing risks from here. For the time being i will be taking a third of my profits off and buying a monthly strangle along with a seperate weekly slightly OTM put as a way to secure my position on price action at a lower risk.
COINBASE:BTCUSD
by RizeSenpai
3