Bullish Crab Looking For Bids to the UpsideWe have a double bottom here at the pcz after reaching oversold multiple times this my be the indication of a temporary bottom.
Bullish Crab
Gap Fill- Bullish - UpdatePYPL approaching the end of a big falling wedge that it has been holding on the daily, 4-hour, and hourly timeframes for quite some time now (See Attached Charts Below). Starting to look nice here after holding the 180 mark nicely yesterday amid all the intraday volatility. Bullish and will be looking for a breakout from this wedge and for PYPL to go for the gap fill on the upside (Broader Market Conditions Permitting)- just some FIB levels along with some RSI based supply and demand zones to keep an eye on in the meantime-
- Falling Wedge on the Daily, 4-Hour, and Hourly Timeframes
- Bullish Crab Harmonic Formed
- RSI Oversold
- Slight Bullish Hidden Divergence on the RSI
- Gap Fill on the Upside
- MACD Cross on the 4-Hour Timeframe
PT1- $192.32
PT2- $195.95
PT3- $201.41
PT4- $208.25 + Gap FIlled
-4-Hour Timeframe-
-Previously Charted-
MANA: Ready For Deep Correction After 5th Wave Channel RejectionI was riding this one up since it was at 3 dollars and potentially targeting $15 but it seems to be showing signs of weakness up here and may come back to our original entry level and for that i am taking profit early and preparing for a deep correction on MANA all the way down to the 1.618 Fibonacci Extension.
USDJPY-Weekly Market Analysis-Oct21,Wk5If you have been trading for some time, you would have known that USDJPY seldom has a significant retracement when it is in a trending state.
So, it is a worrying sign for trend traders to see this. But if you are a faithful Harmonic Pattern Trader, you will be overjoyed to see a Bullish Crab and Bullish Shark converge at the same level on the 1-hourly chart.
If you have been trading Harmonic Patterns for some time, you should be aware that Crab Pattern and Shark Pattern do consolidate a bit before the actual move and at times they offer a lower entry price.
If you aren't aware of that, look for a mentor to help you with this.
Great Entry LTF Shark completed, price dropped lower and hit consolidation, it's now breaking to the upside after multiple touches to the low and is bullish on the HTF
AUDCAD - Bullish CrabA bullish crab is going to complete at 0.9171 and this gives countertrend traders an angle to look for a buying opportunity.
Should the candle break and close below 0.9171, I will be waiting at 0.9142 on the Crab Pattern HOP Level for a 2nd chance buying opportunity which comes in line with the 4-Hourly chart's Bullish Bat setup.
AUDUSD - Bullish Crab checkedbackSome of our traders have tasted the profit from our 1st trade(check out the link at the bottom), well, it's not unique for a crab pattern to retest and offer us a second chance entry, let's see how's 1000(UTC +3)/1500(GMT+8) candle close for me to decide if this is a valid trade.
AUDUSD - Bullish CrabA Bullish Crab Pattern completes and forms at 0.7353 for traders who are looking for a buying opportunity as a trend trader. Crab Pattern usually consolidates and retest a couple of time before it took off, but after the 1000(UTC+3) candle close, I believe it will just take off.
For conservative traders could be waiting for a double top retracement to the 61.8% zone, represented by the red box for shorting opportunity. The Conservative target for target 1 will be 0.7353 for them to shift stops to entry.
🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐First, I have to say sorry for the busy chart (BTCUSDT) , but my chart needed these lines . Please spend a few minutes on it.🙏
Location : BTC is on Corrective Structure ( Zig zag 5-3-5 ) for about 51 days (From 64795$ until LIVE price) and I think that this correction will take more time from us (maybe 2 months , just prediction ).
My idea : still, BTC is on microwave 4 of Main wave C . as you know, one of the shapes of wave 4 is a triangle . I was able to find the 3 main points of the triangle A-B-C ( Contracting Triangle ). Point C has found with Bearish Gartley Harmonic Pattern + 78.6% Fibonacci (Point A ) until ( Point B ).
For finding Point D , we have to concentrate on correcting microwaves (a-b-c) that are on the way to point D, I was able to find Bullish Crab Harmonic Pattern on the end of microwave a. microwave b can be around 37040$ or 37960$ .
I think that Point D can be around 35698$ == 61.8% Fibonacci ( Point B ) until ( Point C ).
I have three Scenario :
Scenario 1 : when the price arrives to Point D , it can break the lower line of our triangle , and then the price starts to go down, so the end of microwave 4 of Main wave C was at Point C + microwave 5 of Main wave C has started.
Scenario 2 : when the price arrives to Point D , then the price goes up until Point E . Point E can be a Critical Point for us (It is the end of microwave 4 of Main wave C ), better, I had to say that market will decide to go UP or DOWN ( UP will make my Scenario 3 // DOWN will make my Scenario 2 ). If the price goes DOWN at Point E , we can say that microwave 5 of Main wave C has started.
Scenario 3 : when the price arrives to Point D , then the price goes up until Point E . Point E can be a Critical Point for us(It is the end of microwave 4 of Main wave C ), better, I had to say that market will decide to go UP or DOWN ( UP will make my Scenario 3 // DOWN will make my Scenario 2 ). If the price goes UP at Point E , we can say that BTC will go UP by 5 new impulsive waves .
My Suggestion : please do not buy Coins for Midterm and Long-term investment until the market finds a way.
Do not forget to put Stop loss for your positions (For every position you want to open)
Please follow your strategy , this is just my idea, and I will be glad to see your ideas on this post.
Please do not forget the 'like' button :) & Share it with your friends, Thanks, and Trade safe.
Good luck
Bullish Update for BEST Inc SetupA few weeks ago i posted a Bullish Crab setup for BEST INC and while the price did briefly dip below the PCZ, the price never got near our stoploss and is now well above our PCZ.
BEST will be releasing earnings within the coming weeks and i expect it to have major gains leading to and after earnings.
As of today i have discovered that not only did BEST have a bullish crab on the daily, it also has created this long term weekly and monthly channel that it's at the bottom of with lots of bullish divergence on the RSI.
For more context on the original Bullish Crab idea refer to the idea located on the related ideas tab below.
GBPAUD - Bullish CrabI'm excited about the market open and GBPAUD has a part to play in that. I'm waiting for the bearish crab pattern to form and confirm on the 1-hourly chart, which means it is almost certain that this crab pattern will form this coming Monday.
Bullish CrabIt may draw a Bullish Crab which may end around 1763 . After completing the Bullish Crab the target price should be 1794 and above which is the target of Double Bottom and or the Inverse Head and Shoulder of the right most leg of Double Bottom.
USDCAD - Bullish BatThe candle has broken and closes above the bearish channel on its daily chart, it shows a potential change of trend, on top of that the Bullish Bat Pattern is about to form up. I will wait for candlestick confirmation at 1.2518 for a trend reversal trade.
EURUSD-Weekly Market Analysis-Apr21,Wk3EURUSD on the daily chart shows a bearish trend, but on the 4-hourly and 1-hourly chart is on a bullish trend. This could mean that the lower-time frame shows a potential of change of trend or it is merely a retracement within the bigger bearish trend.
What should you do then? Trade what you see, or don't engage the trade if you aren't comfortable.
As for me, I'm waiting to buy EURUSD on the buy zone(1.1887-1.1861) that coincides with the 1-hourly and 4-hourly chart. A break and close below the buy zone don't guarantee a shorting opportunity, I will wait and see if the price stop and reverse at 1.1800 as a bullish crab pattern setup, which is 1 of the most versatile harmonic pattern.
USDCAD - Bullish CrabA V bottom on the bullish deep crab pattern is nice, but with the bearish engulfing candle, the movement towards profits isn't certain. A break and close below 1.2593 would create challenges for the short term appreciation.
USDJPY-Weekly Market Analysis-Feb21,Wk3If you are in our community you would have engaged the Bullish Crab Pattern on the USDJPY trade you would have gained 37pips and have your stop-loss shifted to entry without working the market might go against you.
If you have not, that's not the end of the world, since the trendline(blue line) is not broken, that could be an opportunity for you to long. However, I won't do that.
I would rather wait for it to retrace to its previous low point, or even better a bullish bat pattern form at 104.61.
USDJPY - Bullish CrabThe crab pattern has not formed yet but a consolidation happens before it. If you don't mind to engage 2pips ahead of the completion, you can consider that. Stop-Loss I'm looking at 104.01.
FCPO - Climbing the ChannelSpotted this bullish setup of a harmonic crab pattern in the upward channel. Price action plays an crucial confirmation in the potential reversal zone (blue box) for a target of MYR 3502.
EURUSD - Bullish Crab checkbackWell, some asked how do I know the level of rebound even before the fall happens, well that's not the main focus here.
It is important for traders to identify real traders that share their analysis before market movement than those who flaunt their trading results & luxurious lifestyle.
The main focus is at this moment the market presents a good buying opportunity with reduced risk exposure but having the same target level.
The real question will be what's your trade plan on this?
EURUSD-Weekly Market Analysis-Jan21,Wk2A perfect scenario for this week trading setup on EURUSD will be a retracement back into the consolidation zone(grey box) and giving us a long shadow candle for us to engage for a shorting opportunity.
It will be better if the trade stretch towards the harmonic patterns, in this case the bullish crab pattern that was a perfect buy zone as it is on the support level on both the daily and 4-hourly chart and that puts it as as a trend trading opportunity.
Bullish Crab Vs Bearish Bat (4H)The Bulls and the Bears have both reached TP1 on each pattern and are now vying for dominance.
This situation leads to the formation of a triangle pattern.
