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Crab

Deep crab reversal into a bullish bat From what I can see on the chart short we can see a deep crab pattern which has caused price to reverse from bearish to bullish. Price has come back to retest the 161.8% entry for the deep crab and also has formed a much smaller bullish bat pattern. Using the bat I can look to enter a much larger position due to the small stop loss required at 100% of XA. Taking profit on the bat where the 2R for the larger deep crab pattern would be is around 13R.
BITSTAMP:ETHUSDLong
by mjchase
1
Probably not the worst time to shortFirst off, the TL:DR Version: My general sentiment on btc is this Short term: Strong Bear Mid term: crab till august or september Long Term: Strong Bull Short till 30k as the Death Cross crosses. Strong chance we hit at least 28k, 19k not out of bounds. Lower than that unlikely. Analysis/ramblings I'm not a huge believer in the death cross in the BTC market, I've seen it fail to react or treat it as a golden cross for no good reason, maybe after this crosses I'll go back and do a look at that, depends on how interesting it is. That said, I have seen BTC crap the bed from a DC a few times too, and I think that as time goes on it's more and more clear that that's what is going to happen here. The only questions to me are how long the dump lasts and will it derail the halving model? BTC is in a sideways channel, a crab market if you will. It shows no signs of leaving that aside from the coming death cross and a possible head and shoulders (or a reverse head and shoulders, depending on where you think it's valid to start drawing that pattern out). I don't really see that movement as a "real" h&s but it might play out that way. The more times it bounces around in that "crab zone", the more volatile it's movement should become, until it finally breaks out. Since the start of the sideways channel, we have not see lower lows, but we have seen higher highs (at least, on the candlestick chart, line might be different), so my general feeling is that that's the direction we eventually break out when we do. However, with the days of decreasing volume and the latest break off of the short term bullish trend coinciding with a very near term death cross, I think we could see 29-30k again easy, and we could even be pulled as low as 19k, though I think the truth will probably be somewhere between there (24k-28k is my price target if we break 30k). I don't expect it to go much lower, there's still a lot of bullish support for BTC, we've seen 70% drawdowns on the daily chart in a bull market that didn't end the long term run, even as low as 83% intraday. The case for bitcoin is stronger than ever. I really think that after some time passes, this DC will be a short term event that scares a bunch of people that don't zoom out enough out of the market. It's still the mid cycle shake out after all, something has to happen to shake out all the cowards. It will only fuel the parabolic phase that's coming after the summer. I do think It's important to consider the giant macro H&S idea that's been floating around, not so much because it's likley, but because it's about the only scenario that I see that could really derail the halving cycle and 150k btc by next year. It would also completely kill the crypto market, and there's no real reason to expect anything like that on a fundamental level. But, you know, always prepare for the worst.
BITSTAMP:BTCUSDShort
by CryptoidiotQ
Marathon Petroleum (MPC)- Concurrent Bearish HarmonicsMarathon (MPC) is flashing a short term and long term bearish harmonic patterns Specifically a Bearish Crab (short term) and Bearish Bat (long term), Ideally, we need a little longer extension for the crab say the $65.50 area. Crab patterns also can extend further than expected, I have also overlaid a USOIL plot. Directionally certainly a reasonable fit. I won't be in a hurry to short this puppy but with a break in the oil price MPC should roll over. MPC is expected to report strong earnings on July 29th As usual do your own due diligence and pay attention to oil's direction, S.
NYSE:MPCShort
by Steve666
Ocado Group Huge potential Time to Buy for 50%+Like many other Businesses that were positively impacted by the Pandemic OCADO was clearly one of them . This UK Stock is a must have in any portfolio, what the Internet done to Blockbuster is what Ocado will do to the Supermarket eventually. March 2020 OCADO begins to break out and establish a Bullish Trend and prints fresh ATHs during Sept, followed by a 40 % retrace lasting until December 2020 and then a retest of the highs which took us to the end of January 2021. Since the retest of the highs in January we have been in a retrace which is very close to completion . The pattern you see is the Deep Crab harmonic, with the area to buy clearly marked *PRZ Price Reversal Zone I have marked out some potential take profits that you can expect to recieve upon completion of the Harmonic. Swing Trade or Long term investment this Stock is a must have and truly is the Amazon of the supermarket industry. Ocado Group is a publicly-traded company that develops software, robotics, and automation systems for online retailers. Ocado Group undertook an initial public offering on the London Stock Exchange on 21 July 2010, and is a member of the FTSE 100 Index. Ocado Group was built upon its retail business in the UK, Ocado Retail Limited, which is a separate legal entity today. However, Ocado Group has evolved from a retail business to a technology company and it is claimed that it is valued more like the US technology company Amazon than its retail counterpart Tesco in the UK. On 21 November 2019, following the creation of a 50/50 joint venture company with retailer Marks & Spencer (Ocado Retail Limited), Ocado was no longer required to call itself a grocer by the Competition and Markets Authority. Ocado Retail Limited (ORL) or Ocado.com is Ocado Group's British retail partner and an online supermarket that uses Ocado Group technology. The Ocado Smart Platform is Ocado's hardware and software platform for operating retail businesses online. Clients include the following supermarket chains: Morrisons (UK); ICA (Sweden); Group Casino (France); Sobeys (Canada); Kroger (USA) and Bon Preu (Spain). The Ocado Smart Platform (OSP) is the organisation's 'suite of solutions for operating online grocery businesses'. The platform supports retailers with webshop, mobile applications and voice ordering for their end consumers. Ocado Group's physical warehouses called “Customer Fulfillment Centres” (CFC) are also part of the smart platform along with the store pick technology that it sells to its partners. OSP also supports last mile technology which includes fleet management, routing and delivery planning. Ocado Group claims that the platform was created at an “intersection between six disruptive technologies: AI, Robotics, Digital Twins, Cloud, Big Data, and IoT. Ocado Group’s proprietary technology is protected by over 200 patents. A must watch www.youtube.com www.youtube.com
LSE:OCDOLong
by SJTRADESFUTURES
7