Butterfly
Butterfly Landing On the 1.3600GBPUSD, Butterfly D point lands directly on the 1.36000, I'm going to watch priceaction once it reaches this level and look for possible reversals/shorts down to the D point of the higher TF crab which also lands inside a heavy resistsance zone from January.
Whats your thoughts?
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Forecast (Bat & Butterfly)US30 - This is where I see price heading... (Sorry about the slightly messy chart)
First up to the first c point of the blue bat (Theres a large imbalance on the HTF here) along with a nice OB, then from there a nice drop to the D point which is the C point of the potential butterfly (Along with support and a LTF imbalance) then bounce from there! But let's watch price and see what happens! 😃
Whats your thoughts?
Butterfly@1.272XAHello again people, here we have a beautiful Bearish Butterfly Pattern In Formation,
the price is bout 80% to complete the PRZ and test the starting test the PRZ,
stay tune!
What I'm expecting here, the price should cross the resistance line making a false breakout and
complete the Butterfly, after that it should fall down!
Rules:
1. Harmonic Patterns Completion " Butterfly@1.127XA " - 80%;
2. PRZ Hit - Waiting;
3. PRZ Test - Waiting;
4. Terminal Bar - Waiting;
5. Type-1 Reaction - Waiting;
6. Type-2 Reversal - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign -Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign -Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3.
" So do not throw away your confidence; it will
be richly rewarded. You need to persevere so that
when you have done the will of God, you
will receive hat he has promised ".
ETC/USD: Bullish butterfly PatternEthereum Classic forming a bullish butterfly pattern. This it's an Harmonic Pattern and it's bullish signal. We're in Daily timeframe and also, Ethereum Classic make support in the EMA 200. So, in medium term, Ethereum Classic could to move up toward $60.25 USD next resistance key and $78.28 USD next up 2nd resistance key. The 2nd resistance key it's my target in $78.28 USD. So, Ethereum Classic it's bullish.
Now, in this screenshot, I make an analysis of Elliot Wave Cycle and we pass the Elliot Wave cycle and Elliot Wave correction. Right now, Ethereum Classic coud to forming a new Elliot Wave Cycle so similar in the past when Ethereum Classic went from $7 USD to $130 USD aprox. Then, Ethereum Classic pass for the correction toward $130 USD toward $40 USD in average. Right now, Ethereum Classic continue ascending in this model where forming like a channel, but I called it what this could to make an explosion in the price in the incoming months.
So guys, what do you think of Ethereum Classic like investment or making a position trading in the market price $51 USD aprox. and put the SL in the $35 USD approx and my target toward $1,000 USD and keep this positon trading during months. This could be a extraordinary profit of over 1,800% if you keep this position during the next months. But yes, using a small average but depending the collateral what do you use for deposit your crypto assets. You can to use 25% of your 100% of your collateral and keep this posiiton to generate your favorite cryptocurrency.
Guys, if you like this analysis, please hand up, share this analysis with others crypto-enthusiastic, traders and people who interesting to know this information about Ethereum Classic.
So, I just entry in this long position toward $78.28 USD. This it's my target and I entry around of $51 USD and I put my SL at $40.50 USD. Now, I think that Ethreum Classic in my own opinion it's that has future, I do not going to invest in this cryptocurrency, but in the future, I may to interesting or I can to make a small leverage to invest a position trading and keep this position trading until $1,000 USD just keeping this position during months.
Butterfly pattern on SPX This has overshot my expected sell level a little but it looks like this might become a false breakout and we'll be into a butterfly pattern. Butterflies often can come with news events, so I'd not be surprised to see something of that nature. We need to get back down under 4350 but if we can get to trading 4330 sort of price I think it's highly likely we'll go on to trade under 4170.