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Harmonic Patterns

Bitcoin - Last stage of the pump! (sell here and wait 50% crash)Bitcoin is in the last stage of the bull run. Buying Bitcoin at 93,000 is not worth it for the long term because you will be able to buy it cheaper in 2025/2026 at the price around 60,000-50,000. The moon boys are back and everyone is very bullish; that is usually a sign of a cycle top. Bitcoin always moves in significant cycles and is highly volatile. New people don't know it, and their finances get completely ruined with each bearish cycle. Let's look at the technical analysis. Always start with simple trendlines. We can draw a very nice trendline starting from wave (1) -> wave (3). These 2 points are significant swing highs. This gives us a current profit target of 107,000 USD in December 2024. Next, what we want to do is look for the Fibonacci extension levels. As per Elliott Wave analysis, we are in the last wave (5), You want to draw the fibonacci extension from the start of wave (1) to the end of wave (3) and the second point will be the end of wave (4). This also gives us a profit target of 107,000 USD! This is not random; this is pure skill. 95% of retail traders don't use the Fibonacci extension tool, and among the 5% of users, 95% of them don't know how to use the tool properly. I know how to use it properly with the Elliott Wave theory, as I have been trading crypto for almost 10 years. Enter a short position at 94,500, first profit target 92,480, second 91,062. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Short
by Xanrox
41
BONKUSD going at least x10 from here!Bonk (BONKUSD) just formed a Golden Cross on the 1D time-frame and having broken above its current ATH Resistance (March 04 High), it is expected to rise parabolically from here. To back this up, that is exactly what took place after the previous 1D Golden Cross a year ago (November 08 2023), when again the price broke above Resistance 1 and turned parabolic to the 3.0 Fibonacci extension, completing a +20200% rise from its bottom. If a new +20200% rise seems unrealistic to you (it would however form a perfect Higher High at the top of the long-term Channel Up), then you can target the 3.0 Fibonacci extension at $0.0006650, which represents a +1100% rise from the current levels. A x10 opportunity indeed. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BONKUSDLong
by TradingShot
2
Bitcoin (BTC): Possible $100K And Then $70K?Another day, and bitcoin is still pushing, forming new ATHs, and trying to secure that 6-figure number. While we are not that far away from $100,000, we are expecting to see some kind of pullback (for which we are getting ready as well). Despite that, we do not see currently any weakness on the markets, and we are confident that we will get one, so here is the plan. Most likely we will see soon that quick touch to 100K (maybe97K, which would mean we will come back soon up to claim the 100K). After the current smaller push, we expect to see a very sharp selloff to take place, which would result in a market-strategic break and movement to a major broken resistance zone (which is at 70K and still waiting for a re-test). A lot is happening currently on the markets, so be alert, stay safe, and do not overleverage!!! Swallow Team
Short
by SwallowPremium
3
DOW JONES bouncing on the 4H MA200 and 0.5 Fibonacci.Dow Jones (DJI) found Support yesterday exactly on its 4H MA200 (red trend-line), after just a brief break of the 0.5 Fibonacci retracement level. The dominant pattern has been a Channel Up since the August 05 Low and within it, every 0.5 Fib test from the previous Low, has been the most effective buy entry as it started the new Bullish Leg. The technical symmetry within this pattern is astounding as every Bullish Leg hit its 1.236 Fibonacci extension, completing a +8.30% rise. The ROC Higher Lows indicates that a rebound should be expected right now. We haven't had a 1.236 Fib extension since the elections Low, so naturally take this 4H MA200 / 0.5 Fib bounce to buy if you haven't and target 45000 (also +8.30% rise). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
1
Stay optimistic, gold is about to return to 2700!!Stay optimistic, gold is about to return to 2700!! If we look at the chart we can see how the price started to decline inside the downward channel, where it fell to the resistance level, which coincided with the resistance zone. Price some time traded in this area and later broke the 2735 level, after which dropped to almost the support line of the channel, after which turned around and rose to the resistance line, and then continued to decline next. In a short time, the price fell to the support level, which coincided with the support zone and then bounced up, after which rose a little up and then continued to decline, breaking the 2595 level. Gold later reached the trend line and then turned around and started to grow, exiting from the downward channel. Price soon grew to the 2595 level, broke it again, and continued to move up near the trend line. To this day, the price continues to grow near this line, and I expect that XAUUSD will rebound from the trend line and start to grow to 2700 points.
OANDA:XAUUSDLong
by Dream-cat
1
BTCUSD TECHNICAL UPDATE : GO AND READ THE :CAPTAINBuddyS dear friend 👋 Crypto Traders. Are you still wanting for buying zone right now 🙏🤔 BTC USD All time high 94k buying zone right now 92K Big support level 🎚️. Easy to recover 💪 back up trand 97k Technical analysis setup look for first buying zone 94k Next buying zone support level 92k Buying said 94k target 97k after 25 hours Hit 🎯 Next buying said 92k target 97k After two 48 hours Support ✨ My hard analysis Setup like And Following Me 🤝 that star ✨ game 🎮 BITSTAMP:BTCUSD
Long
by SMC-Trading-Point
2
Bullish Bat Pattern: Long Opportunity on 1-Hour ChartA textbook Bullish Bat Pattern has formed on the 1-hour chart, signaling a potential price reversal and a lucrative long opportunity. This pattern aligns with key Fibonacci levels and offers a strong risk-to-reward ratio. 📝 Trade Setup Details: Entry Point: 0.1231 Profit Target: 0.1463 Stop Loss: 0.11696 Risk-Reward Ratio: ~3:1 📊 Analysis: The bullish Bat pattern suggests a move upward as buyers gain momentum near the 0.886 Fibonacci retracement level. A break above the entry point could confirm the setup, with the price targeting the 0.1463 resistance zone. ⚠️ Risk Management: Always use proper position sizing and consider market conditions before entering. This analysis is not financial advice—trade responsibly!
Long
by karmatseringhyolmo
1
GBPJPY: Potential for Further Rise Amid BOJ UncertaintiesGBPJPY: Potential for Further Rise Amid BOJ Uncertainties Bank of Japan Governor Kazuo Ueda stated that the economy is making progress toward achieving sustained wage-driven inflation, but provided few clues on whether the central bank might raise interest rates next month. The market remains uncertain about a potential rate hike, as the BOJ has not yet altered its Monetary Policy statement, leaving the JPY vulnerable to market speculation. Although the JPY is not in the same situation as it was a few months ago, the significant difference in interest rates compared to other countries remains a strong reason for its continued weakness. Technical Analysis: GBPJPY completed a bullish harmonic pattern at 194.30. The initial price reaction was a clear push of nearly +100 pips. Following this brief pause, GBPJPY is expected to rise again. While it is somewhat risky, this projection aligns with fundamental analysis. GBPJPY may reach the first two targets this week. Targets: 🎯 196.30 🎯 196.85 🎯 197.50 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
5
Bitcoin ( btc )Btc usdt Daily analysis Time frame 4 hours Target 109.000 $ area Notice , 100.000 $ area is very very important price Maybe btc move up to 98 -99 and can't break the 100.000 $ and come down and rest and reserve energy with rectangle oe flag pattern or etc On the other hand btc will break the 100.000$ line strongly and fly to my target 112.000 $ area We must be patient and watch carefully on chart and listen to good or bad news about crypto to have a good profit
Long
by Habib-Tafazoli
2
Bearish drop off pullback resistance?The Swissie (USD/CHF) has reacted off the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as a pullback support. Pivot: 0.8865 1st Support: 0.8804 1st Resistance: 0.8910 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Deep Crab strategyThis is a Harmonic based strategy which uses only the Deep Crab pattern. I use the zigzag harmonic pattern indicator by Trendoscope. Here are the basic steps. Can be used either bullish or bearish. When the Deep Crab is stretched out even more, this will allow for much more profits. 1. Look for Deep Crab alert. 2.Find indicator multi zizag by Trendoscope. 3. Mark next lowest point on Deep crap. 4. The deeper the crab the better. 5. Take profit at next lowest point or slightly above it. 6. 90% win ratio.
CME_MINI:NQZ2024
by Coldbloodtrades
2