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Butterfly

DENT token has formed bullish Butterfly for 12% moveHi dear patrons, hope you are well, and welcome to the new update on Dent token with Bitcoin pair. On a 4-r time frame DENT has formed a bullish Butterfly pattern: Buy between: 0.0000000407 to 0.0000000394 btc Sell between: 0.0000000417 to 0.0000000442 btc Stop loss: Below 0.0000000394 btc Possible profit and loss ratio: As per the above targets, this trade has a profit possibility of up to 12%, and the loss possibility is 3.5%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
DLong
by moon333
LITUSDT I saw two bearish harmonics patterns a butterfly and an anti-butterfly. These two patterns coincide with the current Elliot Wave counts going through wave B of the corrective ABC phase. As per Wolfe Wave pattern, the TP is at 1.210 but this will only happen if the price will bounce above 0.972 which will make a 5th wave extension. Please note that every time a harmonic pattern TP is reached expect a reaction or pullback that may happen so make sure to secure your gains if ever you have considered my analysis.
Short
by jaorcine
CAD/CHF: Bullish butterfly harmonic patternI found out that Canadian Dollar/Swiss Franc forming a bullish butterfly harmonic pattern with the correct measure using Fibonacci for harmonic. But I see that CAD/CHF as forming this bullish perspective. I believe that CAD/CHF will continue drop, yes drop but doesn't drop as I expect because we see a wick of manipulation zone that institutional are interesting to buy this forex par. I show clearly the rejection point, and also in H1 you can to see better as in H4 timeframe, because the drop was stopped and doesn't make a drop in the price, just a wick of rejection in that zone. Also, there's a good opportunity to buy now CAD/CHF. I entry in the 2nd trade and entry to $0.7481 CHF, Stop Loss to $0.7452 CHF (27 pips) and take profit of $0.7530 CHF (51 pips). In my first trade I entry around $0.7486 CHF, For update, I put the same Stop Loss #0.7452 CHF (32 pips) and take profit of $0.7530 CHF (46 pips) This it's a risk/benefi 1:1, but have a lot potential to reach our target. Good luck!!!
Long
by harisonhbn9718
2
AUDUSD - Bearish ButterflyA Bearish Butterfly rested in the key resistance zone is usually a perfect setup for me, however, there are some imperfection on this setup. A break and close above the previous Bearish Trendline. This is true, but at least it didn't break and close above previous structure, fingercross. The next thing I'm not comfortable is that the 4-hourly chart has an emerging Bearish Shark Pattern resting at point B, a break and close above point B would put this Butterfly Pattern in an disadvantage. Be in the now is important, it is a valid setup, I'd engaged it but I will watch closely and review it 3bars from now, which is 2-3hours time. What am I looking out for? - to see if the PRZ has been violated - to see if the market retest the bearish trendline and fail to break and close below the trendline - to look at candlestick formation
Short
by RaynLim