Bullish Butterfly
Trade Ideas Position: GBPJPY ButterflyA Butterfly Pattern, ABCD and Crab pattern form as a bullish setup and this pose a threat to my already 100pips profit short trade on the 4-hourly timeframe on a bearish crab and bearish bat shorting opportunity.
What will you do if you were me? As for me, a little retracement is normal and expected after a 100pips dive.
I had engaged in this buying opportunity to gain small profit if it hit stops, I'm not worried as I'm already 100pips in advance of the move, without risk as it creates a hedge trade scenario.
Best case scenario, I can capture the retracement movement. Worst case scenario I got stop upon this trade but a deeper dive into my shorting trading direction.
Trade Ideas Position: GBPUSD ButterflyA support level on the daily chart happens to be the Harmonic Optimal Price(HOP) of the bullish butterfly pattern on the 1-hourly chart, and it is set up for a countertrend trade.
It does provide a great reward: risk the only thing is that on the daily chart, it is also the consolidation of a bearish bat after Point D completion.
Just remember not to overtrade this, you should be fine.
Trade Ideas Educator: NZDUSD ResistanceLooking to short at the resistance(red line), yes, just that. The bearish flag pattern has confirmed after a break and close below of the pink box, looking for trade extension towards the downside. A double top or a retracement after a bearish engulfing candle will enable me to engage this trade.
Trade Ideas Position: NZDUSD ButterflyA bullish butterfly with RSI Divergence set up for a great counter-trend trading opportunity.
Trade has already engaged but at this moment I'm still waiting for the overall shorting opporunity.
Trade Ideas Educator: CADJPY ButterflyA bullish butterfly setup as a countertrend trade, take note of the strong bearish candle that may not come to a halt soon enough, I'll observe if the level stands before taking up this trade.
$EOS Bullish butterfly reversal point.BINANCE:EOSBTC $EOS broke the triangle support from the huge downtrend. Possible reversal point where it went parabolic. Adding to my watchlist you should to #EOS #Bitcoin #Trading
XBTUSD, Bullish Butterfly on hourly ChartLikely a brief up move upwards from here,
XABCD Scanner by @CoinObsAlgos showing a bullish butterfly
Phantom Script showing Midline Support on the 4hour
Targets:
T1: 7370
T2: 7430
T3: 8000 ????? Far fetched, very
Taking this setup while still hedged short.
This move is likely not sustainable, BTC is still in Chop territory,
Will post a more updated BTC chart tomorrow.
ONEBTC, Looking Entering Buy ZoneBullish Butterfly spotted via XABCD Scanner
Confluence with Phantom Script
Indicators used by @coinobsalgos
Epic trading suite, been using it for some time now.
Bid Zone, 59 sats - 66 sats
That's where I'm expecting the reversal :)
Targets on Chart.
Trade Ideas Educator: GBPJPY ButterflyWithin the demand zone of this 'endless' ranging on GBPJPY has this beautify setup of the bullish butterfly(cyan) on the 4-hourly chart and a bullish crab(red) BC leg of the bullish butterfly appears on the 1-hourly chart. I will engage the trade based on the bullish butterfly entry and stops(with my filter).
The interesting part of this setup is the set happens within the demand zone. That gives a very good setup for a buying opportunity and trade extension of this setup.
STXBTC #STXBTC #STX #BTC $BTCSTX te Bullish Kelebek formasyonu bulunmaktadir. Takip edip update yapacagim.
STX Has bullish butterfly pattern and i will follow up and update
Beam Bearish Cypher into Bullish Butterfly :OGood evening ladies and gents, Beam is looking so beautiful. You had a bearish cypher that is now forming into a potential Bullish Butterfly. The confluence on this chart is just out of this world. That PC(zone) of the bullish butterfly lines up with the 2.618 at critical support and the 1.618. This is an area where price reversal could occur. We'd need to retrace just a little bit more before selling off to these prices so we can form 4 hour Bullish Divergence. I think this is an amazing trade set up looming. But that Teal range is where I am looking for reentry. All three of my previous targets have been hit on Beam and I have taken complete profit at the top. Now we are hoping for a reentry in the teal zone. I am big on witnessing two harmonics and or cyphers combined. It's just so beautiful. It really is. The divergence played out perfectly at critical areas of resistance. Seems like the end of the world for beam, but it really isn't. Just give it a little time.
Entry range between .5607 and .5327 cents.
Exit Targets are at Wave B, C, and A
Stop at .4841 cents (You could raise it slightly higher)
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Trade Ideas Educator: NZDJPY ButterflyAn emerging bullish butterfly pattern just has shown up within the sideway bounce and counter-trend trade on a higher timeframe perspective.
I'm very much to wait for a confirmation to engage the trade and I might just extend the trade beyond the sideway bounce.
BTC Bullish Butterfly! As Bakkt failed the expectation of the mass, we lost the pennant!
BTC under 8200 is bearish and ALTS friendly zone is up to EMA50.
US 30 BEARISH BAT INSIDE BULLISH BUTTERFLY!The 1.618 resonance with AB = CD is compelling. This is extremely Bearish. Expect a big selloff imminent.
Larger picture is inside a Bullish Butterfly formation; IF this completes and plays out as projected; the termination of Bat's Wing will be a terrific Buy Opp IMO.
This isn't advice; trade at your own risk! GLTA!
SPX Intraday Bear Flag: In CD Leg of Bullish ButterflySee my related post on SPY. It's a Butterfly pattern. Current price is retesting the breakdown TL. I am short this index at 2900.
The wedge grows narrow, rapidly tightening. Break imminent IMO. Won't be a good time to buy long until Butterfly completes.
Expected termination of CD Leg around 2720-2740, by Monday 28 October. Go long after price break completes for best R/R.
Final Bull wave should carry SPX above 3100-3150 at the 1.618 Fibo extension. It will be a Fifth Primary of the Fifth supercycle.
Not trading advice; just another wild idea; trade at your own rick! GLTA!
SPX in ABC Correction: In 'B' Wave Bear FlagSee related post in the 15 min chart for bear flag; here see it really clearly in 1-hr; it is possible the Gap from Tues could fill before heading lower; or just break down from tip of wedge. Friday should give us a pretty clear signal. Entered some shorts; add if it bounces higher; this is a Butterfly pattern CD leg; it is taking the form of an ABC correction. Target is Index 2740 +/- 20 pips. C is usually a bit longer than A and extends somewhat, but should be at least as long; hence, ~140 - 180 pips from 2900 (target 2720-2760).
The Bull rally after correction could carry index to new ATH above 3100-3150 by EOY at the 1.618 Fib extension!
Trade at your own risk! This is not advice; just an idea; GLTA!
I SPY a Bullish Butterfly: In CD Downleg before ATHSimilar idea to my Dow US 30 post. Sand P is statistically a stronger model, from larger numbers.
NB: This model is imperfect as the XD spread should be 1.27, but we got a real nice 0.62 Fibo AB retrace of the XA leg up.
Note the perfect double top Fibo = 1 (was within a few pips, a 99.9% retrace).
Real life is like that, we take what the market gives us.
The Bearish CD corrective retracement of the XA Bullish leg should be slightly deeper and show true capitulation to create the bargains that fuel next drive to ATH.
Moel extension suggest low prices to occur on/about Monday, 28 October. The Dow pattern projects 29 October, the 90th anniversary of the '29 crash, how fitting!
If model is an accurate projection, expect final support near 273. There will likely be a counter trend corrective wave up within a few days that will fake out buyers.
Capitulation begins when the new players buying at these still pricey levels get disappointed. That's when the real opportunity exists. Wait for it!
THe entire movement appears to be a 4th Primary wave; If model is correct, the resulting fifth-in-fifth wave to ATH will carry ETF to 315+; when Sand P trading above 3150!
This isn't advice, just an idea based on Harmonic trading pattern model. Market can easily double-fakeout, be cautious! GLTA!
DOW JONES BULLISH BUTTERFLY: ENTERING CD DOWNTREND LEGEvolving pattern does not meet Gartly criteria of 0.618 AB leg. Batwing would have a shallow AB , usually 0.5 - 0.618, with 0.50 XB.
Therefore it's a Butterfly pattern.
Look back at Nov 2018 to see the Bearish Bat, which was imperfect in Fibo. Market tanked anyway, if it wants to sell, it will sell, regardless of the Fibo.
Now we find ourselves in the penultimiate move of a great Bull Market. The next to last move is a CD downtrend wave; it will be fierce and sell for a month.
The pattern has evolved near perfection with 0.786 XB and a rare 0.905 BC Fib retracement of XA. This is quite Bullish and suggests the rally to follow Butterfly structure completion will be vigorous.
A perfect butterfly would evolve with XD = 1.27; this model projects 1.618 Fibo retracement to 24,224 on 29 October. Just a WAG, but I'm betting on it.
After completion, the Bull wave to follow will likely reach 2.618 of AD, or 27,716 by EOY.
This isn't investment advice, just a model based on observation; models may fail; be prudent; trade at your own risk! GLTA!
