GBPJPY - Butterfly patternEntry Sell
-Expanding Triangle.
-Butterfly pattern.
-Trendline.
TP
-Demand zone (Fibo 50%)
-Structure (Fibo 78.6%)
Butterfly
Shiba Inu/ USDButterfly Pattern Formation on Shiba Inu:
It starts with a bullish XA move. AB is then Bullish. BC is bearish, and CD is Bullish again.
XA: This can be any price activity on the chart. There is no specific price movement in Butterfly pattern.
AB: The AB move should be 78.6 % Fibonacci of XA.
BC: The BC move should finish between 38.2% and 88.6% Fibonacci of AB.
CD: The CD move will be the final part of the pattern and often extends forming 127%, 161.8% or 224% of AB extension.
The target price of the pattern can be 3 intermediate targets before the final target which are:
Target 1: point B swing.
Target 2: Point X swing.
Target 3: 161.8% of AB.
Target 4: 224% of AB.
Falling Wedge (Contracting or Symmetrical Triangle): When the top resistance is declining and bottom support is raising a contracting or symmetrical triangle is formed. In case of Shiba Inu we are waiting for the breakout of the current pattern.
Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”.
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AUDJPY....D= Analysis on the daily chart
= Analysis based on harmonic patterns
= He completes the drawing of the butterfly model, and when it is completed, we have a landing to achieve the model's goal
SLP small correction Looking at 1H TF, It seems that we have a hidden bearish divergence in the chart. Supporting the hidden bearish divergence is the bearish butterfly pattern as well. We might go down back to 0.0157 and from there we will bounce very high for long term.
haHavells broke out of previous swing high in yesterday's session & its trading above it in today's session with decent volumes.
Could be bought with mentioned stoploss & targets.
Bearish Butterfly PatternWe are approaching a completed bearish butterfly pattern. I will be looking for signs of reversal at the 1.272 level
USDCAD....D= Analysis based on harmonic patterns
= He tries to draw a butterfly pattern..and the model is completed if it reaches 1.21878...and if he does so, the target of the model is 1.2498
SLP Bullish butterfly pattern appearing at 1H TF. We might bounce back again back to 0.0172 and retest the resistance. There is also a chance of a dip due to another hidden bearish divergence in the chart. If RSI goes below the green line then we might dip to 0.0155 or lower. As long as we stay above the green line in the RSI levels, SLP is still bullish.
UNI/USDT-1D-BINANCE (Bullish Butterfly)This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody...
i can help you :) all for free, don't worry, BE HAPPY!
FLM/USDT-1D-BINANCE (Bullish Butterfly)This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody...
i can help you :) all for free, don't worry, BE HAPPY!
Solana at PCZ of Bullish Butterfly with Bullish DivergenceWe have some Bullish Divergence here at the Minimum Retrace of the Bullish Butterfly it can go all the way to as alow as the 1.618 ay 25 Dollars but it could be worth giving it a shot up here first and if we get stopped out we can try again later when it's lower
GBP/AUD: Bullish Butterfly patternGreat Britain Pound forming a bullish butterfly pattern with all measure that I use personally my Fibonacci for Harmonics.
So, as EMA 21 and 50 cross right now, this it's signal of bullish reversal.
Now, in H4 timeframe I share this analysis with RSI. because RSI forming a lower high and price action it's in the demand zone that if you see in H1 timeframe, Pound can to climb up.
And finally, I share my Daily perspective that could to happen. But Pound could to go back to $1.8120 AUD (Australian Dollar). Also, for tomorrow it's very important to check our economic calendar and much more about news about UK and Australia news that affect their economies.
But now, in H1 I will being to be cautelous to find up key level that maybe Pound could to make a stop in the trend. Because if we look the -0.618% of Fibonacci, it's an important resistance zone that Pound could to hit $1.8006 AUD exactly in that price and this can be a benefit of 78 pips. But in case that Pound continue strenghten, we could to get over 250 pips in this single trade at the target of $1.8125 AUD. But being cautelous in that key zone of H4 timeframe becuase Pound could to hit until $1.8036 AUD approx. and then can to make a drop to continue in this bearish movement. And also, take note in both timeframe: H1, H4 and Daily timeframe to monitoring this trade to have good decision in this trade.
GBPUSD...D= Analysis on the daily chart
He almost finished drawing the butterfly model, which is a harmonic model
Now he will achieve the butterfly's target of 1.3363
"AKROUSDT" looks like Bullish Butterfly BINANCE:AKROUSDT
"AKROUSDT" looks like Bullish Butterfly, the D leg also matches the ATL (All Time Low).
DOCK token formed bullish Butterfly for upto 230% big moveHi dear friends, hope you are well and welcome to the new trade setup of Dock token.
Previously we had a nice trade of Dock:
Now on a weekly time frame chart, the price line of DOCK has formed bullish Butterfly pattern.
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
BTC making bullish butterfly at $35,707Yesterday I shared bearish butterfly on 2 hourly, Today we have a bullish butterfly in process of developing. Its amazing how two harmonics are being developed on same time frame. This clearly is a sign of uncertain market. We have weekly closure and soon FED will have a verdict on interest rate hikes plus other macro factors in play. We also have news circulating that Russia is looking to liquidate billions of $ in crypto through UAE exchanges due to which big short in amount of 5200 positions have been opened by bitfinex bears. So lets wait and see the outcome of these shorts first and then take positions accordingly.
USDJPY H4 WOLFE WAVE AND BUTTERFLY OR DEEP CRAB PATTERNHello traders. I see WOLFE WAVE and BUTTERFLY or DEEP CRAB pattern on USDJPY H4 chart. Good luck everybody.
BTC bearish butterfly touchdown $46KBTC is in the process of developing a bearish butterfly pattern on 2 hourly, If you look at the pattern entry point, That level is a strong supply zone and we will most likely dump down from that level towards $40k. I do have a speculative theory though I really don't believe on speculations AT ALL but my speculative theory has some reasoning to it. From November until now the lowest price BTC touched was $33k afterwards next support was made at $36.8k. Moreover we made another support at $37.5k and now we are in the process of making $39k a strong level and next in line would be $40.5k which is TP2 of this harmonic. These supports are already there but my point is that every time a lowest point was touched, It would not repeat again. We saw $34.4k wick on 24th feb but that end up closing at $38.4k. This is just a mere speculative theory so don't take that as a universal truth :)
