Bearish Bat On EthereumETH 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 trendline and ultimately trading towards $1000 and below within the coming days.
Bearish Bat
FCFS: Bearish Bat Double Top With Bearish DivergenceWe 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.
Bitcoin: 3 Falling Peaks In Harmonic RangeBTC 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 the bearish wave down and start fresh on the new week.
AUDUSD - The Devil's TouchSince 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 0.6673 for a breakout trading setup; you have to be aware there are a few road bumps along the road(bearish move) 0.6637, 0.6583. etc. If you shift stops to entry too early, your trade will close out without profits.
AUDUSD - The Devil's TouchThe 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.
Intraday Short Opportunity with a potential APFAn opportunity to short/sell with a potential bearish Bat pattern formation 88.6 XA%. Entry, TP, SL and POR as seen in the chart.
Legends:
Blue line: Aggressive entry order
Gray Zone: Potential Reversal Zone (PRZ) - zone of interest to look for a trade
Red line: Stop-loss order
Green line: Target profits
Red dash line: Setup point of ruin (POR)
Trade with care.
4 Hour Bearish Bat with RSI Bearish Divergence on USOILFrome the looks of things we have some Bearish Consolidation going on right now and the Bearish Bat is hinting to me that the 800 EMA will act as Resistance. If we break through the Demand Line of the structure i think USOIL will Begin an Accelerated Movement down to atleast $71 in the short term.
AUDUSDHi traders, AUDUSD is setting up for a downside move if price come to our mentioned pattern completion area then i will be looking price action for a short position opportunity on the top, if price break 0.61713 level without hiting our mentioned pattern completion area then this setup will be invalidate.
Trade with your own strategy GOOD LUCK.