Butterfly
BTCUSD - Bearish ButterflyIdeal Butterfly pattern elements:
• Precise 78.6% B point retracement of XA leg.
• BC projection must be at least a 1.618.
• Equivalent AB=CD pattern is minimum requirement, but the Alternate 1.27 AB=CD is the most common.
• 1.27 XA projection most critical number in the Potential Reversal Zone (PRZ).
• No 1.618 XA projection.
• C point within range of 0.382–0.886 retracement.
GBPAUD > A Possible Bullish Harmonic Butterfly Pattern!Hey traders, kindly support the idea push the like button, share, and comment below.
Analysis of#GBPAUD
A possible bullish harmonic butterfly pattern might complete soon near a strong demand level to provide a reason to get in a buy trade if the rules for entry are met.
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Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
BZRX/USDT Bullish Butterfly Harmonics On the 4H chart, BZRX/USDT forms Bullish Butterfly Harmonics Pattern. TP1, TP2, and stop-loss are mentioned. Can risk 1 to 2% of the capital on the trade.
IOSTUSDTPERP LongThe price is re-testing the current support level. I am hoping to see rejection at the support and will enter the trade once it's confirmed. This is not financial advice, if you want to enter the trade please manage your risk and just use a maximum of 1% of your capital to enter the trade.
COS butterfly or carb pattern to $0.068#COSUSDT
$COS broke out from descending resistance line, and hold above EMA200 and ascending support line.
BUTTERFLY pattern can lead price to touch $0.055 and CRAB pattern target is around $0.068.
break down from ascending support will invalid the bullish scenario.
Potansial Bearish Butterfly in BTCThere seems to be an emerging bearish butterfly pattern in Bitcoin. Accordingly, we are now in the (C) region of the pattern. If this pattern is active, its target can range from 65k-67k. You can see the TP1 and TP2 points of the pattern in the image.
TP1 corresponds to the 1.272 value of this pattern.
TP2 corresponds to 1.618 of this pattern.
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.
DOGE butterfly to $0.5#DOGEUSDT
$DOGE broke out from descending resistance line and confirmed it as support. now price is above support zone between $0.265 and $0.238. if price hold this support it is possible to touch $0.5 that is the target of butterfly pattern.
a break below $0.238 can drop price to ascending support line.
MIR butterfly pattern to $7#MIRUSDT
$MIR broke out from descending resistance line and confirm it as support. now price struggle to break out from resistance zone between $3.28 and $3.37.
in bullish way after break out from this resistance zone price will head up toward $3.73 and $4.2. also in weekly time frame a butterfly pattern shows the target around $7.
in bearish way price can continue side way moves to $3 and $2.85.
EURAUD's Daily Bullish Butterfly with other SpecsFundamentals:
N/A
*This is purely a technical trade....
Technicals
Scott Carney's Bullish Butterfly Pattern
This pattern stretched a bit, but looks harmonic
Daily Support tested with engulfing bullish candles
RSI oversold
ExDiv#1
Weekly D3 ( not shown in this daily chart )
Comments:
I see this as a possible technical retracement to 1.57, 1.58 or 1.60 (300 to 500 pip retracement).
🦋 🦇, Potential Double Top and BOS! GBPJPY - Potential Double Top on the HTF.
Daily is now bearish and i've just caught this Bat on the LTF that lands directly into an OB/imbalance that potentially needs mitigating before price drops.
(Theres also another one just above, very strong lands on the .886 of that daily zone) I will look to potentially scalp this long up-to these zones before taking any swings short.