Bearish Crab
BTC Bearish CrabbieFits within the parameters of a Bearish Crab Harmonic Pattern almost perfectly, and well within the boundaries outlined by Scott Carney (2001)
The critical aspect of this pattern is the tight Potential Reversal Zone created by the 1.618 of the XA leg and an extreme (2.24, 2.618, 3.14, 3.618) projection of the BC leg but employs an 0.886 retracement at the B point unlike the regular version that utilizes a 0.382-0.618 at the mid-point. The pattern requires a very small stop loss and usually volatile price action in the Potential Reversal Zone.
We will see just how far this correction goes -but thus far, PA is behaving exaaacctlllyyy as the pattern would suggest.
$35772 - T1
$29377 - T2
$26330 -T3
We will see. Bulls could step in and invalidate very quickly -will keep an eye on the DXY. It is looking bearish, however it still has the potential to bounce and retest the 200 DEMA, an almost 3% move up.
Which, if my inverse correlation study is correct -would suggest a 45 - 60% correction out of BTC.
Final shakeout before Mars?
Elon?... Satoshi?..
- JNY
3CandleCollective
Bearish Crab PatternNZDJPY BEARISH CRAB PATTERN
Hello Trader, This is a long term trade with a good risk to reward ratio on a daily timeframe.
Market Sell Order Set Up.
Sell Entry: (75.675)
Min Take-Profit: (73.087)
Max Take-Profit: (71.367)
Stop-Loss: (77.359)
Max Risk-Reward: (2.56)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
Interesting Look on Intel's price action over the last 10 MonthsIntel has been respecting alot of chart patterns over the last year and is now breaking out of a Diamond Bottom I think we will test higher highs up to near the $60 - $70 area from here.
I also found some bearish price action on AMD so it would be fitting to see them inversing, you can find my AMD analysis under related.
BTCUSDT Bearish CrabHi
as today we saw the market was on a high bullish move and broke the All Time High record we a predict a bearish crab to form and is so then have
a retrace move
as of now we are just forecasting a crab and if it reaches the 30K$ then the price bound may effect and reject the market down which is our retracement post crab formation or even a trend change
we are just observing ...
i have linked our past analysis too
please comment your opinon
thanks
Puts/Shorts - Bearish Crab on FSMAfter breaking out of a bullish rectangle, FSM has broken out and run up (made some profits on that move). However, it is now entering the Potential Reversal Zone of a bearish crab. Conservative target is B and aggressive would be C. If I was doing shorts I would risk 5%, but probably would get out if it had momentum above the marked historical resistance. Up to you for your own risk management. Not financial advice. Also looking a little overbought.
USDCAD - Bearish CrabAs I'm going through my chart, I've spotted a unique long shadow candle on the 1hourly chart(left), not only the candle was long, it just touches the resistance level, you may plot your own chart to see the full story.
A pretty cool setup that the software and I both spotted on the 1-hourly chart(right), the harmonic patterns - bearish crab pattern with the bearish engulfing candle(in this case I don't see any major changes on the 1hourly chart in the next 6mins).
EURUSD New TargetHi Traders,
The euro continues its manipulative movements.
Technically speaking, there aren't many formations that match this strong momentum.
Basically, the ECB is currently not commenting on inflation and expansion.
The EURO will continue to strengthen as the DXY loses strength.
The estimated target before the BEAR market could be 1.225xx +
NZDUSD - Rising Wedge - ShortFX:NZDUSD
Rising Wedge formation + false break at the 5th point.
This is in conjunction with a MACD Divergence.
On a 4 hour chart a shooting star reversal candle is present.
Short at 0.77017
Stop Loss at 0.7036
Take profit at support/resistance along the way.
This trade idea supports my larger active trade shorting the NZDUSD based on a harmonic pattern - Linked below
Good Luck & Happy Trading!
NZDUSD - Bearish Crab - ShortFX:NZDUSD
A bearish Crab Harmonic pattern has formed on the kiwi-dollar.
We have a 0.618 point B (within 3% margin)
We have a Potential Reversal Zone (PRZ) of 1.618 XA & 3.14 BC at point D.
PRZ connects with resistance line (dotted).
Trade Entry:
On a 4H chart we see a MACD divergence.
Look for reversal candle to form to enter the trade.
Stop loss at 2.0 XA
Take Profit 1 at 38.2% AD
Take Profit 2 at 61.8 AD
Happy Trading!
BTC/USD - Short - Bearish CrabAfter the first Crab and the upward wedge failed to confirm the trade, a slightly larger Crab appears ***Pokémon music intensifies***.
All previous ideas are listed below
So the idea is going short in the next few das for a couple of weeks probably.
We can enter the trade once we see any price action and/or indicators supporting going short.
Stop Loss and take profit levels listed in the chart.
*Warning*
We are in volatile times and Bitcoin has strong bullish momentum.
You should short this trade with high conviction only and manage it tightly if you do decide to go short.
USDCAD - Head and Shoulders A head and shoulders pattern has already set up, if you are looking to short USDCAD, there are 2 approaches you may like to consider.
Wait for a break and close below the trendline for a shorting opportunity or a retest of the bearish crab and shark pattern for a shorting opportunity(link at the bottom).
USDCAD - Shark PatternThe USDCAD on the 4-hourly chart has a bearish shark pattern as well as a bearish crab pattern on both 4-hourly and 1-hourly chart. If the 1hourly candle close at 16:00(+2UTC) or 22:00(+8GMT) is a long shadow candle, I will short USDCAD aggressively as 2 harmonic patterns turn at a major resistance area.
Bitcoin USD Bearish CrabBITSTAMP:BTCUSD
BTC/USD is forming a Bearish Crab and is nearing the Potential Reversal Zone (PRZ).
This is happening after the formation of the Bearish Gartley failed to reverse (see in Related Ideas).
Notice the tight levels of the 1.618 XA projection and the extreme 3.14 BC projection.
The Crab pattern is usually volatile in the PRZ so prices might reverse quickly.
It would be wise to look for reversal candles on lower time frames.
Place stop loss at 2.0 XA projection.
take profit at 0.382 and 0.618 AD retracement.
Bonus (not in the chart):
in a 4 hour and 1 hour chart we can see a MACD divergence - another positive sign that price action might reverse soon.
Warning:
Point X might be a bit higher (a few days prior to the current X point).
If this is the case the PRZ and stop loss will be higher.
Let me know what you think.
Happy trading!