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Bullish Butterfly

USDMYR - Exchange RateIf you are earning Malaysia Ringgit(MYR) and your business requires you to use USD. It might be a good opportunity for you to change some of your MYR to USD. 4.139 is quite a good rate and I certainly won't take the risk if I have huge purchases that are due in the coming months. It is very obvious the US government has some plan in strengthening the USD. There are 2 major headlines you should be aware of. 1. US Secretary-General Janet Yellen said the debt limit is hurting the US. 2. Recent G20 Summit, President Joe Biden is going to push forth a minimum cooperate tax bill that will affect tech giants and corporate that set up manufacturing factories overseas. If you are patient you can wait for 4.0693 to stock up USD. But for it to happen, the market has to break and close below 4.139 on the Weekly Chart.
Short
by RaynLim
ETC/USD: Bullish butterfly PatternEthereum Classic forming a bullish butterfly pattern. This it's an Harmonic Pattern and it's bullish signal. We're in Daily timeframe and also, Ethereum Classic make support in the EMA 200. So, in medium term, Ethereum Classic could to move up toward $60.25 USD next resistance key and $78.28 USD next up 2nd resistance key. The 2nd resistance key it's my target in $78.28 USD. So, Ethereum Classic it's bullish. Now, in this screenshot, I make an analysis of Elliot Wave Cycle and we pass the Elliot Wave cycle and Elliot Wave correction. Right now, Ethereum Classic coud to forming a new Elliot Wave Cycle so similar in the past when Ethereum Classic went from $7 USD to $130 USD aprox. Then, Ethereum Classic pass for the correction toward $130 USD toward $40 USD in average. Right now, Ethereum Classic continue ascending in this model where forming like a channel, but I called it what this could to make an explosion in the price in the incoming months. So guys, what do you think of Ethereum Classic like investment or making a position trading in the market price $51 USD aprox. and put the SL in the $35 USD approx and my target toward $1,000 USD and keep this positon trading during months. This could be a extraordinary profit of over 1,800% if you keep this position during the next months. But yes, using a small average but depending the collateral what do you use for deposit your crypto assets. You can to use 25% of your 100% of your collateral and keep this posiiton to generate your favorite cryptocurrency. Guys, if you like this analysis, please hand up, share this analysis with others crypto-enthusiastic, traders and people who interesting to know this information about Ethereum Classic. So, I just entry in this long position toward $78.28 USD. This it's my target and I entry around of $51 USD and I put my SL at $40.50 USD. Now, I think that Ethreum Classic in my own opinion it's that has future, I do not going to invest in this cryptocurrency, but in the future, I may to interesting or I can to make a small leverage to invest a position trading and keep this position trading until $1,000 USD just keeping this position during months.
COINBASE:ETCUSDLong
by harisonhbn9718
GBPJPY - Bullish Butterfly ExtensionWe have a Head and Shoulders Pattern and it's completion come into the Bearish Shark completion. Well, it gives a 1:1 Reward:Risk but we are looking at 140pips of risk. WOW!! Not for me man! So instead of buying at 1unit, I'm going to wait for the butterfly pattern setup, a bullish butterfly completing at 151.05 for a counter-trend trading opportunity off the 15minutes chart but a trend trading on the 4-hourly. For this setup, I would rather miss the trade than to put myself in a 140pips risk.
Long
by RaynLim
Bitcoin forming a bullish armonic butterfly!!!Hi guys, as you look. I change the background for white and the candlestick green = bullish and red = bearish to analyze up and becoming my technical analsyis simple, classic and modern to be understood. I see and measure using the Fibonacci for armonic, we see a bulliish butterfly. So, and also, we are in the demand zone that we could to buy Bitcoin and make trading. And also, we see in H1 a little formation of simetric triangle flag, it's bullish reversal in short time period. But analyzing in H4 timeframe, I have a perspective that Bitcoin could to be make to up movement, but remember, we are in the consolidation and in sometimes it's very difficult to predict where Bitcoin go. I put a buy order limit at $33,200 USD and my SL will be $31,900 USD and my target at $36,500 USD. s3.tradingview.com And looking in Daily timeframe, we are into this panoramic, a consolidation since end of MAY 2021
COINBASE:BTCUSDLong
by harisonhbn9718
Kusama (KSM) potential bullish move to previous swing highsMy strategy for a potential bullish move by Kusama (KSM) back to previous swing highs (and beyond?) I'm personally looking for a swing failure at 'D' of the bullish butterfly harmonic for a potential reversal. Take some Profits between POC and 0.618, bring your stop loss into profits somewhere below the daily level. After a succesful retest of the daily level, my next target is going to be between the 1.618 and the previous swing highs, where I will take most of my profits (75%) - I put my stop loss into even higher profits and let the remaining 25% do what it has to do. KSMBTC and KSMETH looking bullish too as we are reaching important supportareas. Thanks for checking out my strat. I would really appreciate some feedback and constructive critisism. :) (of course no financial advice and do your own research)
Long
by marrrtin_
7
EURUSD-Weekly Market Analysis-Jun21,Wk1Well, if you are a Harmonic Pattern trader and you wonder if I have selected the wrong investment strategy, nope, I didn't. On the higher time frame, there is a Bearish Shark Pattern(check the link at the bottom) and I'm waiting for a shorting opportunity on the Shark Pattern. For traders who agrees with me, you have to be aware of a Bullish Butterfly setup on the 1-hourly chart(although it is likely to fail, you still have to be aware that it completes at 1.2123).
Short
by RaynLim
Butterfly Effect FET/BTC #FET $FET #FetchAIA Bullish Butterfly pattern appears to be forming here on our FET daily chart . Wow! We just dumped out of that triangle/pennant structure we had been in before! It happens in crypto - what can I say ! Every chart dumped when Bitcoin dumped . We were in a triangle type structure before but we broke bearish and went below it . You can see what looks like a letter 'M' on the chart now? That could be what is called a Bullish Butterfly harmonic pattern . Now I should say at this point that this chart DOES NOT fit the butterfly pattern perfectly. But it fits pretty close and if that's what it is then our bottom should be in more or less (though it can always wick a small amount ) . That's Point D of our harmonic . We went there last night . If we break upwards from there our target is the 1.618 fibonacci extension shown on the chart which is at 1398 sats ( where the little X is on the chart ). That would be the target .Now keep in mind if this chart continues to break downwards then it might invalidate this Butterfly pattern and there might be something totally different going on ! We have to let it play out . Things can change quickly in crypto . It is what it is . Now I've had a couple critics of my charts say that "Hey! You were wrong about that triangle ! Maybe you're wrong about this too ." I can only say when Bitcoin dumps many chart patterns will change into something else . It happens . We must be prepared for wild swings in a bullrun year . I'm still learning too , but at least I'm trying. Also you will notice the name of this chart is Butterfly Effect - this is a concept from Chaos Theory which seems to fit the last couple of weeks pretty well ! It's the idea that one small change in a system can cause much larger changes to happen in that system later . Or put another way that one small incident can have a big impact on the future ! Wow! That fits the times we're living through right now ! Where one small sentence from Elon can cause massive changes in the markets ! But anyway - it would be nice if the dumping is done and we start a rise toward 1400 area. Let's let it play out and see.
by shimmeringpath
NZDJPY - Bullish Butterfly PatternA Bullish Butterfly Pattern is about to emerge, I'm waiting for the candle to touch 77.91 and retraces for a valid pattern. But for some Harmonic Pattern trader would have treated this as a Type 2 trade as the candle circled in yellow is close enough to them. It misses the completion by a pip. I'm not going to argue on that as every trader can have their own trading rules and they have their own trading decision to make. I'll still wait for the candle confirmation at 77.91.
Long
by RaynLim
GBPUSD-Weekly Market Analysis-Apr21,Wk5Although a lot of traders are looking to short GBPUSD, the technical setup doesn't show any signs of weaknesses on this pair. The market has hit Target1 2times on the Bullish Gartley Pattern(yellow) setup. Will there be a Type3 Gartley Pattern? Well, I doubt so, it is more likely to have a Bullish Butterfly Pattern(blue) than a Type3 Garley. I'm waiting for a reversal for a buying opportunity at 1.3801, the additional benefit of trading at the Butterfly Pattern will attract Price Action Trader to engage to long at 1.3800 and that will bring 2 different groups of trader, trading in 1 single direction.
Long
by RaynLim