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Bearish Butterfly

BTC-USD ✦ LONG SETUP ✦ ONE HOUR✦HARMONIC✦ POSSIBLE REVERSALBITCOIN (BTC) started to move in a bullish direction after a noticeable downfall. However, there is a big resistance zone which can stop BTC to move further in a Bullish Direction. Therefore, this trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. Bearish Butterfly Harmonic Pattern is forming on one hour time frame and it is expected that BTC will take reversal from Point D (Potential Reversal Zone) mentioned in the chart. In addition, Presence of Divergence is negative at the current price level which can further lead to bullish movement of the instrument till PRZ. Thus, current situation can be favorable to grab the Long Trade opportunity before the reversal of the instrument. However, only TP1 is suggested in this trade due to expected reversal of BTC price from PRZ.
BITSTAMP:BTCUSDLong
by haroonsiddiki
OMG! Did I miss a trade?OMG! I was doing a qualifying call, and I might have missed the trade! And this is why I don't usually trade off the 15-minutes chart. From my experience, this trade is gone, but a retest on 128.98 happens; it is a great second-chance entry. 2 Economic Data to take note On 18Jan23(GMT+8) Tentative(usually before 3pm) JPY - BOJ Outlook Report JPY - Monetary Policy Statement JPY - BOJ Press Conference 9.30pm(GMT+8) US Core Retail Sales US PPI In any case, by the time the economic data is released, you should have achieved Target1 Profits.
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Nov22,Wk4It's amazing that for more than a week, the market trial along the tip of the ascending channel; shows that the market has hesitance to break and close above the channel. That is excellent news, as I plan to short the GBPUSD off the Weekly Resistance Level. You could check the related ideas within the tradingview post for my lower timeframe strategy. If a break and close above the parallel channel happens, I will wait for a candlestick pattern confirmation at 1.2572 for a Bearish Butterfly Pattern. The harmonic pattern has the potential to form within the next consolidation zone, which is great for extension patterns like the Butterfly Patterns.
Short
by RaynLim