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Bearishbamm

Ethereum Confirming the Bearish Breakdown to $168.81Last week i posted about this Potential BAMM and Bear Flag Breakdown on ETH that would take us to the 1.618 Fibonacci Extension if real and now this week it looks like we are confirming the BAMM Trigger Line as Resistance as the Hidden Bearish Divergence Continues on the MACD. We have a Bearish Engulfing on the Monthly and just recently closed the Weekly below the POC as well as triggered tthe CAI. I think this gives great reason to believe that ETH will be coming down to lose 88% of it's value meanwhile other coins like XMR, XRP, and LTC will significantly gain in ETH Value.
INDEX:ETHUSDShort
by RizeSenpai
1
Potential Bearish BAMM On The USDT Dominance B Point AdjustmentThis is an update to a previous Pottential Shark BAMM Projection i had on the USDT Dominance. It's been several months since posting and in that time the Shark Situation is still somewhat valid as a new high has not been made but i think it looks a bit ugly now. So based off the price action we've gotten recently i will be raising our Potential B point, thereby making this a Potential Bat rather Than a Potential Shark; The .886 Retrace Remains the Target if the B point breaks down. Additionally we seem to be forming an accelerated Trendline which if we break that it would basically act as a Validation line to a Bearish Dragon. We also seem to be trading within a Macro Ascending Broadening Channel on the Linear scale that we've Broken above but come back within at the highs. Lastly the USDT Dominance is trading within a much larger Equidistant Channel on the Log scale Chart that can be seen below and i expect that it is setting up for a 50% Retrace overall:
CRYPTOCAP:USDT.DShort
by RizeSenpai
EUR/AUD - Bearish BAMMEUR/AUD is almost ready to go! Bearish BAMM setup has formed on the 4h chart, providing a trading opportunity with a 1:2.33 risk to reward. BAMM trading setups rely on a valid bat pattern, you'll find the relevant measurements below. XA Retracement: 0.382 - 0.50 AB Retracement: 0.382 - 0.886 BC Projection: 1.618 - 2.618 XA Retracement: 0.886 The time proportions of this setup are absolutely spot on so far, we'll revisit this in a few days. Currently waiting for a break and close below 1.63100.
Short
by LewisGlasgow
3
GBP/NZD Bearish BammHi guys, I have entered this bearish bamm formation on the GBPNZD. The Bat Action Magnet Method (BAMM) is triggered when the C-D wave of a potential bat pattern has broken the support/resistance of the B point. Price has broken the support at the B point and since re-tested this area as resistance. As most traders will know, support and resistance acts as a magnet, pulling price towards key levels. As harmonic patterns are in themselves price action formations built around key levels in the market, this approach normally works very well! The next level of support is actually a key level on the daily and weekly timeframes. I like to wait for a re-test of the resistance before entering, which has already took place, and I'm also looking at the symmetrical triangle that is forming on the 30 minute chart. I have already entered, however if you feel you need further confirmation, feel free to follow this also (see below). Bat Ratios B = 0.382-0.5 C = 0.382-0.886 D = 1.618-2.618 X to D = 0.886 Risk to reward is 1:3 as I feel this gives us a good average return whilst keeping a healthy stop loss for any volatility that may occur. I will re-assess the bat bat pattern as a whole once price has reached the PRZ. Again, I am in this trade at the moment so feel free to enter, or wait for the break of the triangle. Good luck everyone!
Short
by KyleMcQuade
USOIL - Bearish BAMM, Bullish Bat and Market StructureToday I've brining you all an in-depth view on USOIL, firstly I'll break down the base of my analysis on the 1h chart which shows two setups, bearish bamm and bullish bat. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I understand the BAMM theory will be relatively new to most traders, this style of trading simply focuses on a breakout of the B point. Upon a break and close below/above B, in this situation below, I look to capitalise on the move towards D which confirms the potential reversal zone of the bullish bat pattern. We can see there has been various tests of this level. Taking a look at the daily chart below we can see a clear demand zone between roughly $55 and $54 which aligns with the support trendline. I'll be looking for a sell off to drive prices towards this area, from there I can further analyse the bullish bat for a long opportunity if this level of support holds. Although, I do expect price to drop lower than D to the demand zone at X. If you have any analysis to contribute feel free to leave it below :)
TVC:USOIL
by LewisGlasgow
7
GBP/USD - Bearish BAMMWow this is huge! Today we have GBP/USD on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 This looks good to short from the current level with a stop loss set above previous resistance. Green area displays the profit zone. I understand the BAMM theory will be relatively new to most traders, this style of trading simply focuses on a breakout of the B point. Feel free to connect with me on social media below :)
Short
by LewisGlasgow
6