Butterfly pattern sell the pullback
Hey friends hope you are well, and welcome to the new update on Bitcoin. The SMAs and alligator’s mouth formation: From daily to long-term charts, the price action of BTC is showing no chance for crash or long term-correction rally so far. On daily chart the priceline is moving above 25, 50, 100, and , 200 simple moving averages and using 25 SMA as support before...
Sell Limit Order Butterfly pattern
Sell limit ( pair on Consolidation) butterfly setup
Looking forward to a buy opportunity after the break below the trend line
SELL @ 639.55 T1 609.20 T2 592.85 SL closing up 654.50
The current situation on the 4 hour shows a butterfly pattern. This suggests that we will recieve a lower low (compared to 0) followed by a higher high. The higher high is the new bull really in 2021. This exact situation occured at the 30 minutes. Wich resulted in the latest "rally" to the current lower high at the 4 hour chart. The targets are subjective,...
The Butterfly pattern , is a harmonic pattern discovered by Bryce Gilmore using his Wave trader software program. The pattern structure was further refined using specific Fibonacci levels by Scott Carney which he outlined in his book 'The Harmonic Trader', published in 1998. The Butterfly pattern must include an AB=CD pattern to be a valid signal. In general,...
Federalbank at near PRZ ... Targets on chart..