Ideal Butterfly pattern elements:
• Precise 78.6% B point retracement of XA leg.
• BC projection must be at least a 1.618.
• Equivalent AB=CD pattern is minimum requirement, but the Alternate 1.27 AB=CD is the most common.
• 1.27 XA projection most critical number in the Potential Reversal Zone (PRZ).
• No 1.618 XA projection.
• C point within range of...
I found some large harmonic patterns on the 12h Bitcoin chart that sync up very well with Pi Cycle.
Really good video on Pi Cycle.
Next resistance for bitcoin after 60k
The Targets for both a test of the top of pi cycle are lining up with Wyckoff and Harmonic Patterns.
Crypto-Swing has a good forecast on Wyckoff.
SPY looking pretty bearish here (See Previous Charts Below)- Some FIB levels and RSI-based supply and demand zones to keep an eye on-
- Bearish Butterfly Harmonic Pattern Formed
- Decreasing Volume on the 4 hour, daily, and weekly timeframe
- RSI in Overbought Territory
Open - 114.104
TP1 - 111.002
TP2 - 107.417
TP3 - 102.562
SL - 116.492
Please note that my setups are not signals to trade but my own personal analysis and predicted direction. To enter a trade it must be validated by multiple different indicators and confluence factors.
Interesting butterfly pattern setting up on BNBGBP. Its currently making the C-D leg so obviously not a valid pattern just yet. It would have to cross strong structure lines to get to the 'd' decompletion point however this is a structure breaking pattern so possible. Interesting to see where it ends up.
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The Gartley pattern for daily Chart of Bitcoin tether resemble W pattern, that All of swings are interrelated and associated with Fibonacci ratios.
Point B closed bellow 0.618 fibo,
Point D maybe with ration of 0.768 ration will be close in above first resistance in 56895 , and with point at 1.27 ratio above X point in 74863 will be closed, now in Phase (D)...
A Bullish Butterfly pattern appears to be forming here on our FET daily chart . Wow! We just dumped out of that triangle/pennant structure we had been in before! It happens in crypto - what can I say ! Every chart dumped when Bitcoin dumped . We were in a triangle type structure before but we broke bearish and went below it . You can see what looks like a letter...
A Bullish-type Butterfly pattern occured within the support zone of 149.30-149.50.
Also on the weekly chart, there is a support zone of 147.90-149.50.
Long entry after seeing the rebound. At that time, note the resistance zone of 150.30-150.50.
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Analysis up on #EURAUD
Another harmonic pattern, a bearish butterfly might complete soon near structure level, good for sells if you follow Harmonics
Safe trading everyone
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