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Bearishdragon

HPQ: Bearish Head and Shoulders, Diamond, Dragon, and BAMM ComboHewlett-Packard, after making five macro waves up, has formed a Bearish Structure that can only be described as being a hybrid between a Diamond and a Head and Shoulders pattern, and along with that, it is also a combination of a Bearish Dragon and Bearish BAMM. All of this is happening after HPQ faced rejection off of the PCZ of a Bearish Crab going into its 5th wave. Here is a screenshot of the zoomed out chart that showed the biggest macro wave structure that is on the chart and where all of this is happening:
NYSE:HPQShort
by RizeSenpai
Bearish Dragon Pattern UnfoldingA bearish dragon pattern is detected that could, in this case, develop into a bullish anti-butterfly. The theoretically expected target is Fib .786 (approx. 22.9k), but the trendline would interfere with this process. So the modified immediate target is Fib. 65 (approx. 23.9k). However, if BTC makes such a new low on the daily timeframe, Elliott-wise 5 wave reading is possible. It means after a rebound, a further downside is expectable. My automated script has already suggested a green box as the target, the bottom of which is approx.14.8k. Although my view is still more bearish, such a decline will form a Navaro 200-harmonic pattern that has reasonable double-bottoms.
INDEX:BTCUSDShort
by jackrabbitrage
The Ultimate Destruction of Ethereum NearsETH right now looks to have formed a Logscale Bearish Dragon on the Monthly and right now is showing Weakness at Resistance if it breaks down this Bearish Dragon we will see it come to the 0.618 Retrace below as a target one for the Bearish Dragon but this could also lead to a Log Scaled Bearish Bat Action Magnet Move down to the 0.886 Retrace. I believe Money will move out of ETH and into coins like Litecoin, RVN, HBAR, among a few others.
Short
by RizeSenpai
Harmonic sequences: Cypher or Shark expected BTC tried the Gann Square's arc and stagnated there for a while - the chart is developing precisely as we predicted . After the black swan summons the dragon, a cypher (.786) or a shark (.886) pattern is expected next. Usually, the chart rebounds approximately between 0.5 and 0.618, even when the consecutive pattern formation isn't inhibited. However, we don't see any such break in the chart this time. BTC exhibits immaculate movement of harmonic patterns sequence, which implies how deep and persistent this decline could be. For the details of this analysis, please look at the related ideas below. I will write an educational subject to explain the price action pattern shortly.
INDEX:BTCUSDShort
by jackrabbitrage
1
Potential Black swan would summon a dragon BTC has been rejected at the apparent resistance of the 25200 zone. Gann Square, as applied, also implies that the buy-side liquidity above is hard to reach. Moreover, a harmonic black swan pattern (black) has formed, which would trigger another potential bearish harmonic pattern - a dragon (red). The bearish dragon's target would be 0.618 (20104) -0.786 (19001). However, given the Gann Square Arc's support, 0.618 or shallower is likely for the initial move.
INDEX:BTCUSDShort
by jackrabbitrage
2
ETHUSD: Logscale Bearish BAMM Targeting 49 CentsThere are quite a few reasons the charts have given me a reason to believe ETH could at least see $168.1- $128.87 that I'v posted before, but there's also some reason to suspect ETH will lose 100 Billion Dollars in Market Cap to which I have also posted. These arguments can be found in the related Ideas Section. This here is simply the price chart variant of those setups. I think if one target worst case scenario we can see $0.49 which would be the PCZ of the Logscale Bearish BAMM but, if one wanted to lower the stakes a bit then we could settle at $168.81-$128.87 which would be around the PCZ of the local Butterfly BAMM. We also have a Bearish Dragon Breakdown on this higher timeframe that would target atleast $7.94
INDEX:ETHUSDShort
by RizeSenpai
6
Chinese SSE300 Index ETF: Bearish Dragon with 1.618 TargetThis is an extension to the Bearish SSE50 setup that I posted not so long ago; I found a tradable US Listed ETF that tracks the movement of the SSE300 and the situation on this chart is pretty much the same as the one for the SSE50 where we are breaking a logarithmic trendline, the moving averages, and looking to make a minimum 61.8% retrace. However, I believe it will go much deeper and my targets will be the 88.6% retrace at $17.31 and then the 1.618 Fibonacci Extension below at $7.72
AMEX:ASHRShort
by RizeSenpai
1
Bullish or Bearish: Watch Clitical Support Level of 18700 With the crypto exchange's asset liquidation plan flowing as FUD, the BTC chart, which looked strong, looks fragile. Technically, a Bullish Dragon (green)' s TP (21700) has almost been (but has yet) reached, and BTC is on the path to test the support of another giant Dragon (blue). Dragon patterns (often simply wedges), large or small, bullish or bearish, their theoretically cleanest target is a Fibonacci retracement level of 0.786. So let's look at the red, bearish dragon's FR 0.786, where several supports converge. It's around 18700. If BTC is on the bullish path, but a further correction is needed, we would likely see a rebound at around 18700 (green trendlines), and a bullish Elliot progressive wave (green 12345) will follow. On the other hand, if the price breaks down through the critical support level of around 18700, we would witness a massive decline reopening the downtrend (red 12345). If the market turns out to be bearish, my immediate previous idea will be invalidated. This analysis should be neutral, but I see corrections in a bullish path. So this is tagged "short." Note: Gann Square and arcs are for reference. If you dislike it, you can ignore it. Criticism for Gann Square isn't welcome in the comment area.
BYBIT:BTCUSD.PShort
by jackrabbitrage
2
Potential Bearish BAMM On The USDT Dominance B Point AdjustmentThis is an update to a previous Pottential Shark BAMM Projection i had on the USDT Dominance. It's been several months since posting and in that time the Shark Situation is still somewhat valid as a new high has not been made but i think it looks a bit ugly now. So based off the price action we've gotten recently i will be raising our Potential B point, thereby making this a Potential Bat rather Than a Potential Shark; The .886 Retrace Remains the Target if the B point breaks down. Additionally we seem to be forming an accelerated Trendline which if we break that it would basically act as a Validation line to a Bearish Dragon. We also seem to be trading within a Macro Ascending Broadening Channel on the Linear scale that we've Broken above but come back within at the highs. Lastly the USDT Dominance is trading within a much larger Equidistant Channel on the Log scale Chart that can be seen below and i expect that it is setting up for a 50% Retrace overall:
CRYPTOCAP:USDT.DShort
by RizeSenpai
BTC: Watch 18460 if it breaks below the bottom of pennant As we predicted, the bearish dragon pattern (red) is unfolding to pull the price down to approx. FR 0.786, almost the bottom of the pennant (gray). If it breaks, what's the next target? Because Gann Square works well, we could focus on its crucial component - two Gann Fans 1 X 1 (blue). Interestingly, the crosspoint of the two Gann Fans coincides with the FR 1.272 level of the bearish dragon. If you look at the left side of the chart, this horizontal, 18460, will be conscious initially. But, because so many things overlap, no wonder it serves as significant support before the price reaches the current market low of 17600 at a continued downfall.
Short
by jackrabbitrage
4
BTC Bearish Dragon Pattern Unfolding On top of what could be a relief rally or a tentative bull run, a Bearish Dragon Pattern is unfolding, with active OI in Binance rapidly decreasing (indicator pane). Typical TP is FR 0.786, but if it breaks the channel and re-enters the pennant this time, I'd like to point out the possibility of passing down through it to reach, e.g., 1.272. The green ark would serve as a support. The scenario is invalidated if the top of the dragon (approx. 20500 ) is broken. See the related ideas for details of the scenario, the lines, arcs, etc.
Short
by jackrabbitrage
1