Shark
Class A Triple Bearish Divergence on BTC DailyWe see clear class A triple bearish divergence has formed on the BTC daily chart. This is an indication of a likely bearish reversal of the short term uptrend BTC has been experiencing. Recently, BTC has been holding the heartland of the bear flag channel that it has been in since June 16th. The recent upward price movement did not reach the top of the channel and now is heading down. The price action has been tightening for BTC, lately, so a full test to the bottom of the channel might be unlikely. It is difficult to predict where this move could wind up, the most bullish case would be dipping below the hear line, not reaching the bottom of the channel and moving back up. In that scenario the oscillators could get reset and this divergence was invalidated. The most bearish scenario would be to test the bottom of the channel and then break down, returning back to the long term downtrend BTC has been in for November 2021. Also, the long term bullish shark pattern which has around $10k as the shallowest PCZ is still in play. For me personally, I am not taking longs on BTC right now.
#AIH#AIH analysis this chart very strong supported by 4 pattern inverted head $shoulers/ double bottom /shark pattern / break down channal entry in green zone stop loss 0.29 EGP target 51 EGP then red zone
EURJPY - Bullish SharkEURJPY has a potential Bullish Shark Pattern that is completing at 136.48. This may allow traders that have missed the Bullish Bat that coincide with the AB=CD Pattern that complete on the daily chart and has its first target of 441pips attained.
USDJPY-Weekly Market Analysis-Aug22,Wk3USDJPY is far from dipping or crashing, at least not now. However, counter-trend traders can wait for a shorting opportunity at 134.89 on a Bearish Shark Pattern setup.
Traders need to wait for further confirmation before jumping into the trade.
BTCUSD: Bearish Shark with Bearish DivergenceI think we could see a reaction from this Bearish Shark PCZ and if it plays out we may see price return the upward sloping trendline around 23k and if that trendline breaks perhaps go as low as the horizontal support line below. at 21.7k
Aussie SharkThis is an idea for the Aussie to form a Shark Harmonic
The pattern has completed the X to C legs, and now the D leg is in progress.
The longer term price would see the Aussie test structural resistance at .7550.
1INCH formed bullish Shark | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of 1inch token with US Dolalr pair.
Recently on 7th Aug, we had a nice trade of 1inch:
Now on a 4-hr time frame chart, 1Inch has formed bullish Shark .
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
DOT
#DOT $DOT
- Shark 🦈
- Daily Frame
#This is my technical opinion and not a recommendation to buy or sell
COIN: Bearish Shark with Class C Hidden Bearish DivergenceI think it will pullback and make a 50% retrace from here.
Banknifty - at Important levels There is a formation of a Shark pattern on the daily chart of the Banknifty
Supply Zone: 38000-38430
We might see the banknifty taking pause around these levels and we may see some correction also.
RSI is also slightly overbought.
NIFTY 50 - Probable path moving ForwardThere is a probability of Shark Pattern on the daily chart of Nifty50.
We have seen a rapid up move in the past two weeks and this week also nifty opened on a positive note and might see some more upside in the coming trading sessions.
Though the Nifty 50 is coming close to a major supply zone and we might see it either halting or a sharp correction from there.
Supply zone 17500- 17800.
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).
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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)
💎 COMPUSDT: 797.52% Profit Potential in Next 9 Months💣💣💣💣Last 2-3 weeks we seen huge buying in COMP coin, in upcoming months its to going pump very hard.
entry and targets are given on the chart. Treat this idea as long-term investment
please Like and comment if there are any queries.
#bitcoin #altcoinseason #altcoin #altnews
GBPUSD-Weekly Market Analysis-Aug22,Wk1A counter-trend setup on GBPUSD, a Bullish Shark Pattern that is completing at 1.2015. As Shark Patterns can be tricky, a candlestick pattern confirmation is important.
Shark Pattern on AAPLI made the mistake of shorting Apple into earnings based on a quick analysis without carefully analyzing its chart pattern. It's clearly on the last leg of a shark pattern and should continue pushing higher. I will be watching carefully for another opportunity to short near the 88% retracement point, which also happens to be near trendline resistance.
Tips: ETH Address: 0x13cd45d7d282ee0ee4635645cce2e2a566d9bed8
EURJPY - Bullish SharkA Bullish Shark Pattern has checkback and retest. It seems like a busy Monday for Japanese Yen traders.
EURJPY - Bullish SharkShark Pattern is the most tricky Harmonic Patterns, I will have to wait for candlestick close at 1pm(GMT +8) to decide if this is the trade for me.
GBPUSD - Bearish SharkHarmonic Patterns in a trend trading setup are possible. The Bearish Shark Pattern became a perfect setup for traders who want to get into the trend trading setup, but do note that it is possible that the structure trader could get involved in the trade.
Check the related ideas at the bottom.
