A support level on the daily chart happens to be the Harmonic Optimal Price(HOP) of the bullish butterfly pattern on the 1-hourly chart, and it is set up for a countertrend trade. It does provide a great reward: risk the only thing is that on the daily chart, it is also the consolidation of a bearish bat after Point D completion. Just remember not to overtrade...
Looking to short at the resistance(red line), yes, just that. The bearish flag pattern has confirmed after a break and close below of the pink box, looking for trade extension towards the downside. A double top or a retracement after a bearish engulfing candle will enable me to engage this trade.
A bullish butterfly with RSI Divergence set up for a great counter-trend trading opportunity. Trade has already engaged but at this moment I'm still waiting for the overall shorting opporunity.
A bullish butterfly setup as a countertrend trade, take note of the strong bearish candle that may not come to a halt soon enough, I'll observe if the level stands before taking up this trade.
BINANCE:EOSBTC $EOS broke the triangle support from the huge downtrend. Possible reversal point where it went parabolic. Adding to my watchlist you should to #EOS #Bitcoin #Trading
Likely a brief up move upwards from here, XABCD Scanner by @CoinObsAlgos showing a bullish butterfly Phantom Script showing Midline Support on the 4hour Targets: T1: 7370 T2: 7430 T3: 8000 ????? Far fetched, very Taking this setup while still hedged short. This move is likely not sustainable, BTC is still in Chop territory, Will post a more updated BTC...
Bullish Butterfly spotted via XABCD Scanner Confluence with Phantom Script Indicators used by @coinobsalgos Epic trading suite, been using it for some time now. Bid Zone, 59 sats - 66 sats That's where I'm expecting the reversal :) Targets on Chart.
Within the demand zone of this 'endless' ranging on GBPJPY has this beautify setup of the bullish butterfly(cyan) on the 4-hourly chart and a bullish crab(red) BC leg of the bullish butterfly appears on the 1-hourly chart. I will engage the trade based on the bullish butterfly entry and stops(with my filter). The interesting part of this setup is the set happens...
STX te Bullish Kelebek formasyonu bulunmaktadir. Takip edip update yapacagim. STX Has bullish butterfly pattern and i will follow up and update
Good evening ladies and gents, Beam is looking so beautiful. You had a bearish cypher that is now forming into a potential Bullish Butterfly. The confluence on this chart is just out of this world. That PC(zone) of the bullish butterfly lines up with the 2.618 at critical support and the 1.618. This is an area where price reversal could occur. We'd need to retrace...
An emerging bullish butterfly pattern just has shown up within the sideway bounce and counter-trend trade on a higher timeframe perspective. I'm very much to wait for a confirmation to engage the trade and I might just extend the trade beyond the sideway bounce.
As Bakkt failed the expectation of the mass, we lost the pennant! BTC under 8200 is bearish and ALTS friendly zone is up to EMA50.
The 1.618 resonance with AB = CD is compelling. This is extremely Bearish. Expect a big selloff imminent. Larger picture is inside a Bullish Butterfly formation; IF this completes and plays out as projected; the termination of Bat's Wing will be a terrific Buy Opp IMO. This isn't advice; trade at your own risk! GLTA!
See my related post on SPY. It's a Butterfly pattern. Current price is retesting the breakdown TL. I am short this index at 2900. The wedge grows narrow, rapidly tightening. Break imminent IMO. Won't be a good time to buy long until Butterfly completes. Expected termination of CD Leg around 2720-2740, by Monday 28 October. Go long after price break completes for...