Bearish harmonic Butterfly in action here,.. lets lookout for a major drop
Yesterday I shared bearish butterfly on 2 hourly, Today we have a bullish butterfly in process of developing. Its amazing how two harmonics are being developed on same time frame. This clearly is a sign of uncertain market. We have weekly closure and soon FED will have a verdict on interest rate hikes plus other macro factors in play. We also have news circulating...
Hello traders. I see WOLFE WAVE and BUTTERFLY or DEEP CRAB pattern on USDJPY H4 chart. Good luck everybody.
BTC is in the process of developing a bearish butterfly pattern on 2 hourly, If you look at the pattern entry point, That level is a strong supply zone and we will most likely dump down from that level towards $40k. I do have a speculative theory though I really don't believe on speculations AT ALL but my speculative theory has some reasoning to it. From November...
SLP might go back to around 0.0184 if RSI breaks resistance. If not then it might dip further to 0.0170. If candle closes above 0.0184 then we might go higher back to the previous high which is 0.0191. I'm favorable on the bullish side due to the bullish butterfly pattern.
In 1H TF, SLP might dip around to 0.0174 or even lower. - Hidden bearish divergence - Bearish butterfly pattern I’m just new to doing TA, so all i know right now are patterns mostly. Advices are appreciated in the comments, thanks!
We bounced from a Bullish Butterfly at the bottom of a channel and are now breaking the Channel and if targets are reached we will be seeing $150
Hey everybody! -Much bless and prosperity to whom who reads this idea. On this idea I'm noticing a retracement in C to the golden zone (61.8%). There is also a very noticeable Hand and Shoulders using the temporality of 2H. If the price breaks the trend line, we might wait for a retracement to the previous low, and ride the wave down to possible $0.58 - $...
They're not gonna let this dog down without a fight. Even with net inflows of BTC and ETH to exchanges, massively over-leveraged longs and huge amounts of BTC held underwater. Probably a short but sweet bounce here within an outer downtrend. * * * Not investment advice * * *
One Might Find Themselves At A Particularly Advantageous Time To Buy Some BTC At This Point Presently Just A Thought 💜🔷Ⓜ️ BINANCE:BTCBUSD
Understanding Trading Risks. Before investing, learn more about the risks of online trading, including fast-moving markets and the risk of system unavailability. Explore the risks and strategies of margin borrowing.
Understanding Trading Risks. Before investing, learn more about the risks of online trading, including fast-moving markets and the risk of system unavailability. Explore the risks and strategies of margin borrowing.
Assume base on factor such as DXY back to 96.5 and people kept on buying US10Y , ( look at the latest balance sheet in fed, there are currently no signs in slowing the buy yet except December)
In a dangerous area, probably is going to start a short-term downtrend.
Muthootfin made butterfly pattern on smaller time frames & confirmend it by breaking 1348. Could be bought with mentioned stoploss & targets.
Colpal after breaking 1417.65 confirms butterfly pattern. Could be bought with mentioned stoploss & targets.
NMDC at prz of butterfly and shark. Two bearish pattern in supply zone .
TLDR : Current price action around the $60.6k (1.618fib) target has put the $375k (2.618fib) target into play. Also the NVT is poised bullishly. Confirmation has not occurred for either so margin trading is for degenerates (like me) only. View the linked ideas for more information on the log harmonic XABCD butterfly, which is a very technical formation. ...