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Bullish Shark

USDCAD - Bullish SharkA potential Bullish Shark Pattern is looking to complete at 1.3039, visually it is close to the Weekly's Chart Key Support Level at 1.3004. The perfect setup would be the candlestick wick touches 1.3000 but close above 1.3039. This would bring 3 groups of traders to engage in the trade. 1. The Harmonic Patterns traders 2. The Structure Traders and 3. The Price Action Traders You have witnessed how we rank the importance and the potency of trading ideas. Check out the link at the bottom of the post to join our community.
Long
by RaynLim
NZDJPY - Bullish SharkTo those who trade based on currency correlation, this is one setup you have to look at. On the surface, the NZDJPY and NZDUSD both have a Bullish Shark Pattern on the 1-hourly chart, but if you look closely at the 4-hourly chart, you will be able to see the future of these two pairs differs from one another. On the NZDJPY, the Shark Pattern is more direct, in and out of the setup. However, on the NZDUSD setup, there is a potential trading combo setup. Check out the related ideas at the bottom of my tradingview post to learn more.
Long
by RaynLim
NZDUSD - Bullish SharkProbably "the most important" Bullish Shark Pattern of the week. I'm waiting for the market to fulfil the Shark Pattern at 0.5583; for that to happen, a 3-bar reversal has to be seen. What is more important than the Shark Pattern is the fulfilment of the 5-0 Pattern. The market shouldn't break and close beyond the red box that marks 5-0 Pattern, and when that happens, I'm going to head in for a shorting opportunity and might just ride the wave down on a Bearish Flag Pattern that could form on the 4-hourly chart. You can check the related ideas at the bottom of the tradingview post on the potential bearish flag pattern.
Long
by RaynLim
ADAUSD: Trading at Harmonic Levels of ConfluenceADA Right Now is Trading at the PCZ of a small Bullish Gartley(The Harmonic furthest to the right) and a Bullish Cypher(The Harmonic in the Middle) and A Shark(The Biggest one to the left) Usually ADA tends to lag after XRP so as long as BTC holds these levels we should be able to see ADA break above the trendline from here in the coming weeks or atleast test the trendline and if ADA Breaks the Trendline i'd expect to see it get bought up to the next maor resistance at 89 Cents. The trendline mey just act as a Bullish Dragon Validation Line if it breaks out. Here is a zoomed in screenshot of the Army of Harmonics we have here before us:
FTX:ADAPERPLong
by RizeSenpai
BTCUSD Stopping Volume at PCZ of Bullish SharkBTC has given me great reasons to be concerned that we would break through our PCZ and pull down into the 78.6% Retrace below but despite how many times it's tried it's managed to hold the local 88.6% Retrace as support and now we will have confirmed a stopping volume candle on the daily if BTC's Daily Volume doesn't change much in the next 15 minutes before the close so i will be doubling down here with a stop below the 78.6% retracement.
BYBIT:BTCUSD.PLong
by RizeSenpai
BTCUSD: Bullish Cypher at Weekly Support Congestion ZoneBTC leading to the Fed SPeaking in the 21st may see a rally from the Support Zone it's been trading within. It formed this Bullish Cypher/Shark on the Daily and rallied about 61.8% of the way before failing and pulling back down again. This sorta action is very dangerous as it makes me think it could be a Bearish 5-0 that could lead to us making a lower low and if we do that we will likely come back down to atleast the 786 retrace below at 17.8k. But as of right now the move down to PCZ of this Harmonic has been fast and on above average volume with a wide spread so i believe that we have a high chance of recovering the bearish price action and trading back to the top of the range as the new trading week begins, and if we break above the range we could see a secondary target of $26.5k
COINBASE:BTCUSDLong
by RizeSenpai
Party City at PCZ of Bullish SharkWe have a Bunch of MACD Bullish Divergence att the PCZ of a Bullish Shark looking to Square-Up the Range and potentially make a 500% Move to the Upside. As for stops i honestly cant think of an area that would be suitable to put a stop due to the lack of support zones to base the trade off of so what i am going to do is buy some call optionss expiring in tthe next few months around a strike of 2 dollars and just hold them until they either go up or until Mid-December.
PLong
by RizeSenpai
4
Scenario 2 (Bullish Shark) 19.5k OR 18.3kBullish Shark pattern target is matching the numbers - it says 19.5k for the 0.886 fib, or 18.3k for the 1.618 fib. Either one can happen. The 1.113 fib has confirmed our top for BTC at X-B (it head dead on) I have changed my LONG to order at 18.3k, with the same LONG TP as in the "Link to Related Ideas" chart I posted yesturday. The thing that convinces me is the 1.113 of OX is the exact same point as the 1.618 of AB, that is 18.3k. Therefore, I am leaning more towards 18.3k. 18.3k would also make a lot of Bears think its going much lower (bear flag fakeout). ----------------- Bullish Shark rules: The Shark pattern has the following ratios. CONFIRMED - AB leg extends OX leg between 113% – 161.8% (because of this, 26.5k is also kind of possible but not likely now, whales just pushed price up to form this harmonic and then BARTed it.) CONFIRMED - BC leg extends beyond O by 113% of the OX leg LETS SEE - BC leg is also an extension of AX by 161.8% – 224% Unlike other harmonic patterns, the trades are entered as follows: Entry is at 88.6% of OX leg (19.5k) with stops coming in below point C (18.3k or 19.5k, so lets say 18.1k) Targets can be 61.8% of BC (This would be around 22,222 if 1.618 reaches and 22.7k if only the 0.886 reaches)
COINBASE:BTCUSD
by reiiss7
4