1/3 Risk Reward Ratio 1. Falling Trend line pressure 2. AB=CD Complete 3. Bearish butterfly
There seems to be an emerging bearish butterfly pattern in Bitcoin. Accordingly, we are now in the (C) region of the pattern. If this pattern is active, its target can range from 65k-67k. You can see the TP1 and TP2 points of the pattern in the image. TP1 corresponds to the 1.272 value of this pattern. TP2 corresponds to 1.618 of this pattern.
We are at the minimum entry for this pattern i'd like to wait for a 1.414 before i get in heavier but for now i'll short Half of what i want to short just incase it runs away from me and dumps now at the 1.272 as the RSI is mildly overbought at the moment and ETH can turn bearish very soon from here.
An aggressive shorting opportunity for Butterfly Pattern traders. The candle wick just touches the HOP level and seems like it's going to reverse. 8minutes to go for the confirmation. I've engage an aggressive trade on this and I'll leave that to your call.
The Broadening Falling Wedge found resistance at the .5 Pattern Break Target and has returned to the linear break level after a confirmed harmonic pattern. Will the low job number add to growth concerns as Big Tech earnings are up this month?
The B point of the Bearish butterly pattern is at 57143.51 which is 0.786. Therefore, if this formation is to work, a pullback from this level may occur. If this analysis works, there could be a downward breakout of the rising wedge around 51,600. After the re-test of the breakout, BTC may fall as low as 32,036. This point is the C level of the formation. BTC's...
The Descending Broadening Wedge confirmed to the upside with a strong move overnight. The pattern moved to the Break Target .382 where a Bearish Butterfly has set-up. With two competing patterns, the break of the descending broadening wedge and the butterfly , scouting a solid higher low. With the Vix crushed and the 10 year note at 1.5 all eyes on rotations...
AUDCAD having a Bearish Butterfly setup that violates the bearish trendline. The close of the candle at point D of the Butterfly Pattern is pretty important for me to decide if I will engage the trade.
Earl in the Day, I published a analyze which is short-term bearish. In that analyze, There is raising wedge and that target iş 32-33k area. After that price going into a falling triangle. Triangle target is 87k area. All of that target giriş us a bearish butterfly. I try to see this to you in that chart. By the way İn that chart ( binance future) the butterfly...
The RSI briefly reached overbought and we hit the PCZ, I expect us to come back down towards the bottom half of the range at minimum.
Betting on a move down back into the PCZ and beyond from here based off the bearish divergence and candlestick pattern at the 200 percent fib extension.
I expect that we will soon see the MACD cross bearishly where we will then begin a major reversal.
This is an overbought setup of a Bearish Butterfly lets see how it goes.
Bitcoin appears to be gearing up for its next leg to the upside but there are short term bearish things happening right now that should be on ones radar first. For one, we are breaking below our upward sloping price channel AGAIN and although it is not yet confirmed on the 4 hour timeframe yet, the fact that Bitcoin has failed after 11 four hour candle attempts to...
A counter-trend setup has been presented on EURUSD. I've shorted EURUSD at 1.1873. Let's see how this trade rolls out.
Bearish Butterfly Pattern complete at HOP level. I've engaged in this trade as it gave a Great Reward is to Risk Ratio. Are you familiar with the HOP level? Do you know the appropriate level to shift your Stop-Loss to Entry? Comment down below. This trade can take 2days to - 2weeks to hit its target profit.
SE has been trading in this channel for quite some time now and closed on Friday sitting right on its 50day EMA. Bearish butterfly harmonic pattern formed, however, more often than not harmonic patterns do not play out. That being said, in my opinion, harmonic patterns should only be used as further confirmation of a trend. Will be watching this one closely in the...
NZDJPY has lots of trading opportunities hidden in this pair. If you have learned to trade, you can do your analysis and see what kind of trading setup you can spot. Well, there is one for you, a Bearish Butterfly Pattern complete at 78.78.