DARUSDT bearish butterfly in formationDARUSDT bearish butterfly. The price action is in a confluence with the double bottom formation of BTCUSDT. The Fibonnacci ratios is wonderfully converging with local support and resistence. A Potential Reversal Zone (PRZ) is expected from D point 1.41 Fibonacci extention ratio. Oversold condition for the intraday and hidden bullish divergence on Ehlers' Fisher Transform oscillator (detail in aupdates). Ehlers' Fisher Stochastic Sinewave bullish after price action retrace from 50% to 88.6% Fibonacci Retracement. 14.6% Fibo targeting in conjuction to expected XD leg upward Butterfly extension. That's the perfect scenario for a pullback and I bought a buch of DAR tokens for 1USD. Not a financial advice, only my technical analyses.
Butterfly
DOGE/USD Inverted Head and Shoulders at PCZ of Bullish ButterflyWe are at a PCZ of a Bullish Butterfly printing a Potential Right Shoulder of an Inverted Head and Shoulders Pattern Visible on the Weekly with a bit of Bullish Divergence to top it off.
My Stop loss will be below 10 cents and my TP will be above 30 cents.
APE - Harmonic ButterflyMy favorite Harmonic pattern, Butterfly ...
The Butterfly Pattern®, The general extension structure of the Butterfly Pattern® was discovered by Bryce Gilmore. However, the exact alignment of ratios was defined in Scott Carney’s 1998 book, “The Harmonic Trader.”
This has become the industry standard for the structure. Scott’s ideal Butterfly Pattern® requires specific Fibonacci ratios to validate the structure.
These measurements include a mandatory 0.786 retracement of the XA leg at the B point, which defines a more precise Potential Reversal Zone (PRZ) and more significant trading opportunities. Also, the Butterfly pattern® must include an AB=CD pattern™ to be a valid signal.
Frequently, the AB=CD Pattern™ will possess an extended CD leg that is 1.27 or 1.618 of the AB leg. Although this is an important requirement for a valid trade signal, the most critical number in the pattern is the 1.27 XA leg. The XA calculation is usually complemented by an extreme (2.00, 2.24, 2.618) B-C projection.
These numbers create a specific Potential Reversal Zone (PRZ) that can yield powerful reversals, especially when the pattern is in all time (new highs/new lows) price levels.
GBPUSD Long at 1.27 Public Journal #2Public Journal #2
Quick glance at GBPUSD, while I don't look at this pair, a friend of mine, asked me to show what I see currently on this pair. To the public, this could be a free signal ;).
NZDJPY Potential reversal at 87.692, Public Journal #3NZDJPY has been trending up for a long period of time, so I know price will pullback eventually. I've noticed price has now entered a consolidation phase, due to price being exhausted from the endless uptrend, in that consolidation, price has done the peak high, so any short scalpers are now coming into play and trade away from the high.
There is a support level of 85. where many late buyers will use that opportunity to add a long position, because in their eyes, price is still in an uptrend after creating a higher low. But also looking to the left, I can sport and inverted H&S in the pullback to make it look complex. However, from the trained eye, one will use that as confirmation to initiate a long position.
That's a small insight to what I've seen, the rest is down to the charts.
CADJPY - Bullish ButterflyCADJPY is on a Bullish Trend, trend traders could wait for a Bullish Butterfly Pattern that form on the 4-hourly chart for a buying opportunity. Should that happen, I will need to see a 3-bar reversal at 96.90.
GUJGASLTDGujgas made bullish butterfly pattern on an hourly charts with very good above average volumes & with increase in OI.
Could be bought with mentioned stoploss & targets.
SLP butterfly pattern can drop price more#SLP/USDT
$SLP broke down from support zone and need to confirm it as support, also it shaped butterfly pattern.
🐻 price can drop more to support zone between $0.011 and $0.009.
🐻🐻 break down from support zone can drop price more to $0.003 to complete Butterfly pattern.
🐮 holding the support zone of $0.009 and break out from resistance zone around $0.018 will invalid the butterfly pattern.
SBINSbin made bullish butterfly pattern on an hourly chart with decent volumes & mammoth OI in 500 CE & trading above 500 hints at massive short covering.
Could be bought with mentioned stoploss & targets.
SBI 500 CE cmp 20 stoploss 17.20 target 25.
godrejcpGodrejcp made bullish butterfly pattern on daily charts with good volumes.
Buy at cmp or on dip till 765 with mentioned stoploss & intraday & positional targets.
HEROMOTOHeromoto made bullish butterfly pattern on daily charts with very good volumes.
Could be bought with mentioned stoploss & targets.
Also can be bought in calls of next series.
ReNeuron Group (RENE) ... a little gene therapy ??Here's something for you punters and long haulers.
From TV: ..... ReNeuron Group Plc engages in the development of novel cell based therapies that target significant areas of unmet medical need. It develops its core stem cell assets such as CTX neural cell line and human retinal progenitor cells. The company was founded by John David Sinden in 1997 and is headquartered in Pencoed, the United Kingdom.
RENE last 92% of it value from the fall of 2019 and has clawed some of that back in recent weeks.
RENE trades on the LSE and the OTC but ususally by appointment.
Apparently the analysts love it. (that scares me sometimes)
This may have a chance if the high of February is taken out.
The chart suggest is a fairly good Harmonic Butterfly pattern on this weekly image.
Targets and a Stop have been marked, suggesting a RR of just over 2.5x .
I am mentioning but probably not playing. ( depends on broader market sentiment and Biotechs in particular.)
This company presently does not turn a profit. Earnings reports are expected mid July.
Not investment advice. As always do your own due diligence, respect broader market and wold events.
Good luck
S.
JublFood Bullish Butterfly wEMA Cross in daily & Price BreakoutJUBLfood looks good for swing position.
(1) Bullish Butterfly Harmonic Structure (Ref. harmonictrader.com) in daily TF with Swing low in place
(2) Daily EMA cross with Price structure in change
(3) Price volume breakout in Hourly TF
BTC making butterfly harmonic $57,329Price action is developing a harmonic 🦋 Target of this is $57,329. Invalidation of this harmonic will be price going below $38k level or consolidating for a longer period of time. Although it looks we will touch $44k level and pull back but sometimes you cannot anticipate the movement of BTC and it surprises you.
EOS USD | Bullish Butterfly | Spring Back Test Of Spring Hey what's up everyone, EOS is looking insane right now. The stage is certainly set for much higher prices and these are some of the lowest risk levels. I mean just look at the picture of the weekly chart I included, you have a major inflection zone that goes all the way back to 2018. These are levels that buyers historically defend, I want everyone to notice the orange arrow I put on the weekly chart of the spring back test of spring that happened in January 2019. After the successful back test of spring the asset appreciated almost 300% in 119 days. Well it just did the exact same thing. Now look at the illustrations I made on the 1st picture, after it broke the zone it made the lowest low of the correction and then rallied and made a higher high than the previous local high and then it sells off and makes a higher low than the previous low while back testing the inflection zone confirming accumulation hence the "spring back test of spring". The sell off and higher low after the rally is what's important guys, that development is major trend reversal type stuff. So many other coins did very similar stuff but didn't make a higher high on the rally and made the same low on the sell off. This is an awesome trade setup that is also extremely educational. Again, this could all fail if bitcoin collapses but If you take trades with these variables you will be a very successful trader! Targets are as followed $3.87, $4.70, and $5.48
Ps. The daily hidden bullish divergence on both the MACD & RSI is starting to playout implying price action continuation to the upside. The daily RSI rejected the bearish control zone twice and just got back to 60 in the bullish control zone which is exactly what we want to see. Oscillators look great and primed for much higher prices.
Much Love Just.IN
BITFINEX:EOSUSD
GBPJPY Long Continuation of major trend. Risk 1% per entry. Price making a bullish engulfing candle.
Butterfly on GoldWhat you see here is a almost perfectly formed butterfly harmonic in play.
The short trade between $1980 - $1990 is based on the confluences:
- Untapped weekly level
- Untapped POC level (naked point of control)
- 0.5 (swing high to swing low)
- Harmonic retracements: 2.0 (B-C), 1.272 (X-A)
I recommend taking 3 compound trades on the PRZ instead of 1 order.
Stoploss above all the confluence at ~ $2000.
Does anyone think that USDCAD could rise from current? Hmm...My previous long-term idea was based on a fact that triangle could be broken down. Looks like there is good dynamics on it. However, we could see that a pullback has lost a dynamics so I do think that my previous idea is under a huge risk now. So I have tried to make an alternative forecast and see what could happens if USDCAD doesn't fall more.
Attention. It is not a setup or forecast. So, I really don't recommend anyone to trade based on it. Because I still believe that pullback can completes soon and price could falls further. Use this only as additional education analysis of how Channels, Harmonic and Double Top are working together.
Does the butterfly pattern work?A green trigger is drawn on the CD step.
You can enter the deal as soon as the trigger is won and go to the butterfly pattern target.
Does the butterfly pattern work?A green trigger is drawn on the CD step.
You can enter the deal as soon as the trigger is won and go to the butterfly pattern target.
Butterfly@1.272XAThe " Bearish Butterfly " it's close to completion and close to give us a clue weather it's going to reject the price or letting go, but nevertheless I do confirm this a nice edge to look for a short trade!
Setup Rules:
1. Harmonic Patterns Completion ( Bearish Butterfly@1.272XA) - 95% Complete ;
2. PRZ Hit - Waiting;
3. PRZ Test -Waiting;
4. Candlestick Reversal Sign - Waiting;
5. Candlestick Confirmation Sign -Waiting;
6. RSI Reversal Sign - Waiting;
7. RSI Confirmation Sign -Waiting;
8. Type-1 Reaction - Waiting;
9. Type-2 Reversal - Waiting;
10. Risk Management - Applied;
11. Risk / Reward - 1/2.
"For all have sinned and fall short of the glory of God,
being justified freely by His grace through the redemption
that is in Christ Jesus."
NKJV Romans 3:23-24.
