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Bullish Shark

Protraders Stack Trade: AUDUSD BatThis is an interesting setup and trade plan for me. Right now on the 1-hourly chart, it presents a bearish bat setup. I will have to wait for market confirmation to engage this trade as there is a couple of level of resistance above the sell zone and when this combo with the market consolidation, there is a possibility that the market may break and close above the bat pattern. I'm heading for a short and extend to a lower level for a shark pattern setup on the 4-hourly chart. From the shark pattern, I'm waiting to buy up to the previous structure high on the daily chart a retest of resistance of existing double bottom. Confused? Just stick with your trade plan, a bearish bat setup is good enough
Short
by RaynLim
BTC, 3 support levels to lookout forBitcoins Retracement after the 40% leg up is developing into 2 harmonic patterns. Currently eyeing a bullish Shark that's just past the reversal zone. Entry for that shark is 8676 as phantom indicator demonstrates. That level is also very close to the 61.8 retracement, which was likely front ran. Support level 2, is right at the 61.8 retracement. @ $8558 If both supports fail, then BTC is likely headed down to complete the bat formation, with a potential reversal zone and bottom: Support level 3: $7664 I'm using indicators by @coinobsAlgos Indicator 1: Left chart Harmonics Scanner Indicator 2: Right Chart Phantom
BITMEX:BTCUSD.P
by Fibwizzard
ZEC weekly log scale SharkUsually when measuring the retracements for potential harmonics we use the Linear Fibonacci scale but i think it might be acceptable to use the FIB tool adjusted for log scale in certain instances and this is one of them. Pay no mind to the numbers auto generated by the Cypher tool as those numbers are only Linear scale retracements and the tool doesn't have a log scale adjusted option like the FIB tool does. For those who would like to check the measurements themselves I have color coded each individual set of waves: XA-B retrace in Orange AB extension to C in Blue BC extension to D in Green X to C retrace to D in Black. I have also marked the PCZ of the shark in the Blue Box if pattern is valid we will see a reversal between the 886 and 1.13 retracements. Price-wsie that's between 37-15 dollars Yea i know, that's a huge zone of reversal but that's the nature of a Shark pattern. because of how big the reversal zone is it is too early to plot fib targets for the pattern for i currently don't have a definite price to fib from yet but something i can say is no matter where it reverses in this zone even a 0.382 and 0.50 retrace would yield a 100-200% move. Alternatively I have also spotted a broadening and descending wedge marked in the green trendlines and are currently showing TDI-RSI bullish divergence from the lows back in December and February to our current lows a breakout of the wedge on it's own gives us a measure move back to around 300 if we're being conservative. ZEC has never been my favorite coin but based off the technicals presented here i find no harm in trying to own atleast a few of them then forgetting about them to see how this pattern plays out.
POLONIEX:ZECUSDLong
by RizeSenpai
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