BTC bull harmonics that were previously seen on 2D charts have hit SL. Remaining 1W harmonic continues to be the Bear Butterfly, with price target ~4000 or below. This target seems to be very plausible if S&P drops to new lows.
DJIA has entered a bearish Shark pattern. Expecting sharp drop tp 27000 level (or lower).
The 6h ETH chart has been within a bearish bat pattern for some time, with recent smaller bullish harmonics giving way with BTC drop. Here are the price targets for pt3/4.
ES1! 1D chart is showing a bearish Anti-Butterfly pattern with pt4 price target ~3200 level. AntiButterfly is one of the most intense harmonic patterns. Expecting a sharp and fast drop below 3500 to 3000-3200 levels. Note: with BTC/ES1! correlation, this will likely bring btc at or below support at 18000 and alt coins to follow. BTC is currently 3/4 through the...
ETH 4h shows two volatile BULL harmonic patterns playing out: 1) Gartley, which should retrace from recent top .768-1.0 fib before strong bullish reversal 2) Butterfly, which should retrace from recent top .768-1.0 fib before strong bullish reversal This concurs with the current BEAR butterfly on BTC that has price target #2 near 1.0 retracement level from recent high.
ES1! bear DEEP crab pattern could quickly retrace bullish to 3950 then 4075 level before steep drop to new low. The same pattern just occurred on DOGE and pulled higher just after initial drop (liquidating leveraged shorts, enabling drop to lower levels).
The bear butterfly and ABCD Extension patterns that I called out in my previous post (extreme downward patterns) have been confirmed, here are the harmonic price targets. pt2, pt3,pt4. It is plausible for BTC to bottom at 16500 or lower, probable to hit 18.6, and highly likely to hit 19.9.
RUSSELL 2000 Heading Lower, Head and Shoulders chart pattern will drive bearish continuation.
BTC 6h Bear Butterfly & ABCD Ext patterns at play, strong bearish retracement expected
The second DOGE CupNHandle pattern was invalidated, and should continue bearish retracement. This chart shows the bearish harmonics at play with targets.
Multiple stacked cup n handles, doge going much higher...
DXY currently in ascending broadening wedge pattern and should retest high, if fails to push higher, expect bearish retrace to mid 90's levels.
As mentioned in previous idea, the negative CPI news and failure to keep momentum needed to breakout from the descending broadening wedge yesterday has already placed BTC 4h in a BEAR Cypher pattern with pt4 ~15000. However, there is another worst Case BTC DOOM Scenario based on current 2D BEAR Harmonic that is still active.
BTC 4h harmonics have turned strongly bearish with Cypher patterns indicating potential drops to 15000 level.
PAXG (Gold) 1W harmonic chart showing continuation of BEAR Gartley pattern. Very likely to return to 1500 level trendline before there's a trend reversal. NOTE: 1W timeframe...gold moves slowly.
GBPUSD 2d BULL Butterfly entry seen on 2d chart. Price targets aren't high enough to show reversal of current bear trend, but for the next couple of months appears that price should bounce at current level.
4h Multiple BEAR AntiButterfly and AntiCypher patterns Price should initially continue to climb, then ladder down to just above previous low, bouncing, then laddering down again hard to 3200 level.
BTC 4h has been in a BULL deep crab harmonic pattern since it's recent low. Typically, these deep crabs will hit pt1 and then do a 1.0-1.272 retracement, forming the first "claw" or "cup" before shooting upward, hence the "deep" part of the crab. BTC's price is currently at pt1, hitting strong wedge resistance, and looks very likely to begin forming the deep cup...