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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
ADA-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. CARDANO ( ADA ) is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bearish Butterfly Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ if Divergence will be observed at PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of ADA-USD pair till PRZ.
COINBASE:ADAUSDLong
by haroonsiddiki
Opendoor - powerful bullish ButterflyLooks like Opendoor's stock is shaping up to form a Butterfly pattern! If you're familiar with this symmetrical chart pattern, you'll know that it can signal a potential reversal in the stock's current trend. So, for those of you who believe in the power of technical analysis, this could be seen as a bullish signal for Opendoor's future stock price. Of course, as with any trading strategy, it's important to use multiple forms of analysis and not rely solely on chart patterns. But hey, let's enjoy this moment of Butterfly bliss while it lasts!
NASDAQ:OPENLong
by patryk2808
S&P500 - Bullish Corrective??OANDA:SPX500USD is starting to clean up and give us a real clue as to whats coming in the next few weeks. If its really bullish it needs to hold this 78% level and head up to new recent highs. Due to the drop in yesterdays session we now look lower towards the 4k level and even as low as 3980. An Ideal Scenario sees us getting a retest of 4100 which has been support through Feb and then dropping from here to the lower targets. Being a friday we look for a bullish day followed by Selling coming in next week. Also with Time and Price, if we go below 4030 before Wed 22nd then 4k will be the target. Key Date.. I hope this helps. Enjoy the Day!!
FOREXCOM:SPX500Short
by L_F
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