ScottCarney

PRO
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About me Scott Carney, President and Founder of HarmonicTrader.com, created the harmonic patterns that comprise the Harmonic Trading approach.
Online Joined harmonictrader www.HarmonicTrader.com
Harmonic Trading
Markets Allocation
36 % stocks 34 % cryptocurrency 17 % forex 13 % other
Top Mentioned Symbols
BTCUSD 26% | 14 SNAP 16% | 9 ETHUSD 7% | 4 SPY 5% | 3
ScottCarney ScottCarney PRO SNAP, D, Long ,
SNAP: SNAP or Cover
124 0 5
SNAP, D Long
SNAP or Cover

SNAP has hit the BIG AB=CD target @ 13.85, exceeded the harmonic support zone a bit much and is now back at the pattern completion point. GOOD NEWS = Clear Simple Bullish Divergence is supporting the pattern zone. BAD NEWS = Time is up. The tolerance of further consolidation should now be limited, as the entire scenario has been "vetted". Any long positions must ...

ScottCarney ScottCarney PRO ETHUSD, D, Long ,
ETHUSD: Ether-Run Amazes! - Bat2Bat...Back2Back
973 3 14
ETHUSD, D Long
Ether-Run Amazes! - Bat2Bat...Back2Back

Minimum ETHUSD Bat target @ 385 will hit on this move. The Cryptos are in full mania mode w/ new highs in Ethereum likely after the Bat targets are reached. ETHUSD , BTCUSD are en fuego! Stay LONG, Stay HARMONIC!

ScottCarney ScottCarney PRO ETHUSD, D, Long ,
ETHUSD: Ether-Run Accelerates: Bat Targets
805 1 16
ETHUSD, D Long
Ether-Run Accelerates: Bat Targets

ETHUSD now finished w/ Type-I target@230 and now begins the assault to 305 but the big 88.6@378 now in play. ETH in a strong position for a HARMONIC BREAKOUT to reach for a retest of all-time highs. Stay with these Cryptos!

ScottCarney ScottCarney PRO SNAP, 240, Long ,
SNAP: SNAP AB=CD RSI Trigger
281 0 13
SNAP, 240 Long
SNAP AB=CD RSI Trigger

The AB=CD completion at 13.85 was hit yesterday and reversed hard today. RSI has triggered out after a delayed reaction. Since the AB=CD from the peak of the ipo is defining the extreme structural limit, the recent low at 13.15 serves as the acceptable tolerance. At a minimum, the initial reaction at the entry zone in the 13.85 level is another positive day away ...

ScottCarney ScottCarney PRO SNAP, D, Long ,
SNAP: SNAP PRZ < 15 w/ AB=CD
265 3 11
SNAP, D Long
SNAP PRZ < 15 w/ AB=CD

I have posted a series on SNAP since post-ipo where I outlined a Deep Crab target @ 15. The stock has dropped from the $23-24 area to the pattern PRZ that actually points < 15 to the $14 level. The daily chart is now poised to complete an AB=CD @ 13.85. If the "ballpark area is 14-15, I expect that 13.85 to serve as a structural low extreme. One concern: RSI was ...

ScottCarney ScottCarney PRO ETHUSD, D, Long ,
ETHUSD: Ether-Run: ETHUSD Bat Bull Run
1616 10 27
ETHUSD, D Long
Ether-Run: ETHUSD Bat Bull Run

The Bullish Bat bounce to 215 went as high as 240 as it hit the 38.2% Target 1. ETHUSD RSI is quite strong! The 61.8% Target 2 @ 305 is clearly in sights ON THIS MOVE as the reversal rides the trendline. The Bat Bounce is about to be a Bull Run! More to come...

ScottCarney ScottCarney PRO SNAP, D, Long ,
SNAP: SNAP PRZ Stabilizing < 15
159 1 13
SNAP, D Long
SNAP PRZ Stabilizing < 15

SNAP turning bullish today after test < 15. RSI stabilizing on daily chart. SNAP HERE!

ScottCarney ScottCarney PRO ETHUSD, D, Long ,
ETHUSD: ETHUSD Bat Bounce
835 6 23
ETHUSD, D Long
ETHUSD Bat Bounce

CryptoJr Etherum has "crashed" to complete the Bullish Bat on the daily chart. Terminal Bar established today. Start looking tomorrow for execution of 88.6%@145 PRZ with Target-1 @ 215 ...Treat as a reactive trade and look for LARGER CONTINUATION next month.

ScottCarney ScottCarney PRO SNAP, D, Long ,
SNAP: SNAP it Up < 15
407 6 21
SNAP, D Long
SNAP it Up < 15

The long-awaited Deep Crab Pattern in SNAP post-ipo is here! We are hitting the PRZ today = establishing The Terminal Bar! We look STARTING TOMORROW for execution confirmation. Utilize RSI reversal trigger AFTER this drop stabilizes. HARMONIC PATTERN TIP: The Crab/Deep Crab Pattern employs a 1.618XA measure but is frequently exceeded. I add a 1.902 "LAYERED" XA ...

ScottCarney ScottCarney PRO BTCUSD, 60, Short ,
BTCUSD: BitCoin 5-0 ...What I Know
1704 10 33
BTCUSD, 60 Short
BitCoin 5-0 ...What I Know

Perfect reversal from 5-0 PRZ @ 61.8% (2650) with IDEAL RSI confirmation as mentioned in previous posts. I know most understand M&W-Type harmonic patterns but the 5-0 is a different animal. I outlined the identification rules in HTVol2 but I was a bit light on some of the management relationships that are associated with this structure. Here is some ...

ScottCarney ScottCarney PRO BTCUSD, 60, Short ,
BTCUSD: BitCoin 5-0 Complete w/ RSI Confirmation
1340 2 25
BTCUSD, 60 Short
BitCoin 5-0 Complete w/ RSI Confirmation

5-0 patterns typically experience a retracement back to the 88.6% of the prior leg = pullbk to 2100. RSI now confirmed@61.8% @ 2650. Downtrend intact <2700. Remember Bullish Bat @ 1900 still the next support target for a reversal more than reaction.

ScottCarney ScottCarney PRO BTCUSD, 60, Short ,
BTCUSD: BitCoin 5-0 Now!
1274 6 21
BTCUSD, 60 Short
BitCoin 5-0 Now!

BitMonster just hit the BIG 61.8% of the 5-0 pattern I mentioned a few days ago. If the downtrend is in earnest, it resumes here @ 2650 for MINIMUM retracement @ 2100 but the Bullish Bat @ 1900 still remains. THIS IS A TRADE NOT A CONDEMNATION OF CRYPTOFX! Harmonics are working quite well in this market. Look for the 1HR RSI to confirm after an impulse test ...

ScottCarney ScottCarney PRO BTCUSD, 240, Short ,
BTCUSD: Bitcoin Bearish 5-0
1123 7 23
BTCUSD, 240 Short
Bitcoin Bearish 5-0

After the initial drop under 2350 initial target, Bitcoin now setting up a Bearish 5-0 @ the 2550-2600 area. Originally released in my HTVol2 book, the 5-0 is a HARMONIC CONTINUATION PATTERN that represents an excellent zone to enter within the predominant trend. Minimum target for entry is 2300 but 1900 = BullishBat. STAY HARMONIC!

ScottCarney ScottCarney PRO SNAP, D, Short ,
SNAP: $15 in a SNAP
325 2 18
SNAP, D Short
$15 in a SNAP

Quick follow up. Stay short and look to Deep Crab PRZ @ 15 then we see if this is like FB after it tanked post-ipo. There is a long opportunity here but 20% lower. Update to come...

ScottCarney ScottCarney PRO BTCUSD, 240, Long ,
BTCUSD: Bitcoin Callouts! ...Now Bullish Bat
1590 17 35
BTCUSD, 240 Long
Bitcoin Callouts! ...Now Bullish Bat

Bitcoin Callouts! ...Now Bullish Bat I have posted callouts on my series of posts on this CryptoMONSTER from the past few weeks. I have listed every post - please review because the harmonic patterns with ratios are undeniable. NOW = Bullish Bat @ 1950 for a 4hour trade setup. Wait until UNDER 2000 for the opportunity then we see. Monitor RSI as well! More to ...

ScottCarney ScottCarney PRO BTCUSD, 60, Short ,
BTCUSD: That's BITcoin for Now - RSI BAMM Divergence
729 4 18
BTCUSD, 60 Short
That's BITcoin for Now - RSI BAMM Divergence

In my HTVol2 book, I outlined what HARMONIC DIVERGENCE and CONFIRMATION are all about. Bitcoin completed a 113 Harmonic RSI BAMM Divergence and has put in a top for now. I expect a serious retest of lows under 2350 and more BEFORE any uptrend can resume. All markets have their limits! RESPECT HARMONIC DIVERGENCE in cases like these.

ScottCarney ScottCarney PRO SNAP, 240, Short ,
SNAP: SNAP Update - Deep Crab in Sight
255 2 13
SNAP, 240 Short
SNAP Update - Deep Crab in Sight

A few weeks back, I took a look @SNAP with a Bullish Deep Crab @ $15. SNAP now sinkn' to hit the PRZ. Still short until we hit the target!

ScottCarney ScottCarney PRO BTCUSD, 60, Long ,
BTCUSD: BitCoin BAMM Breakout Target Reached
931 5 14
BTCUSD, 60 Long
BitCoin BAMM Breakout Target Reached

A followup from last week - Bitcoin has been quite harmonic, reaching for the 88.6 @ 2660 after triggering the harmonic breakout at 2320. DAILY 3.14@ 3200 LIKELY but trader in me says take some profits here folks and stay tuned!

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