Can harmonic patterns work on cryptos?
Let's observe what happens to Ethereum when this bullish butterfly completes.
I might be interested to buy some ether when it reaches and reacts at the PRZ zone of this butterfly pattern.
EP 143
SL 128
TP1 186
TP2 212
Like all other examples, no reaction no trade.
If price bashes through the PRZ, we simply do not enter.
If it reacts with strong volume or with a bullish candlestick reversal, we can consider going long.
Let's observe what happens to Ethereum when this bullish butterfly completes.
I might be interested to buy some ether when it reaches and reacts at the PRZ zone of this butterfly pattern.
EP 143
SL 128
TP1 186
TP2 212
Like all other examples, no reaction no trade.
If price bashes through the PRZ, we simply do not enter.
If it reacts with strong volume or with a bullish candlestick reversal, we can consider going long.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.