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,...
On daily chart , the price action of DigiByte (DGB) has completed the final leg of Butterfly pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Butterfly pattern should be:
Potential reversal or buying zone: 0.00000103 to 0.00000100 btc
Fibonacci projection or sell zone: 0.00000105 to...
Potential bearish butterfly the h&s on the 4hr will take us to point C on the daily between 1805 and 1815 area and from there I expect it to go to 1934 and then even higher
As mentioned on last Wednesday Facebook Live session that we are in a Harmonic Patterns Season. Right after the bearish shark pattern run of 252pips, we are waiting to catch to reversal or pull back at 136.26 for a buying opportunity.
I will personally look closely on this setup as I may have a plan for target extension for this trade.
Bullish Butterfly Identified on 10 and 17 Nov 2020.
Breakout on 10 Dec 2020 and has trading above its sloping 20-Days Moving Average which is a good sign.
Resistance 1 : 0.680 (23 Oct 2020)
Resistance 2 : 0.675 (4 Nov 2020)
Support 1 : 0.635 (19 Oct 2020)
Support 2 : 0.620 (10 Nov 2020) - 1st Bullish Butterfly
Support 3 : 0.615 (10 Nov 2020) - 2nd Bullish...
The priceline of yearn.finance (YFI) is completing the final leg of bullish Butterfly, the targets as per the Fibonacci sequence of Butterfly are:
Potential reversal or buying zone: $11060.76 to $2044.12
Fibonacci projection or sell zone: $18058 to $34994
Regards,
Atif Akbar (moon333)
On daily time period chart, the price action of Uniswap (UNI) is completing final leg of bullish Butterfly and soon it will be reached in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Butterfly pattern should be as below:
Potential reversal or buying zone: $2.81 to $2.43
Sell or Fibonacci projection...
The previous short term idea executed successfully:
Now again on short-term 4-hour chart, the price action of Bitcoin is completing final leg of bullish Butterfly and soon it will be reached in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Butterfly pattern should be as below:
Potential reversal...
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Feel free to post your ideas and questions at the comments section.
Good luck
NOTES:
- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea...
