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Butterfly

Navigating Altcoin Turbulence: The Descent of the Butterfly PattAltcoins, until recently soaring to great heights, now face the challenge of the descending butterfly on our chart. The Butterfly Pattern, symbolizing uncertainty, casts its shadow over the market, while Elliott's analysis suggests a potential return to position 4. But beware, position 4 is not the end—it's merely the beginning of a new story. Will Altcoins touch down or strengthen with the power of the descending butterfly? We await to see how this tale unfolds in the financial sky.
CRYPTOCAP:TOTAL2Short
by tvojBrat
2
ETC is pumping. Here is why and where to take profitETC is pumping, as we can see. I want to inform you that this uptrend should continue, and another 128% is likely in the next few days / weeks. Take profit at the 0.618 FIB, which is always a strong resistance. If you think ETC is going to go much higher, you can take profit at the previous major swing high. But to me, ETC is bullish, and the downtrend has ended. We see that we had a pretty long accumulation phase by whales as well. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC. Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time. Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
12
📉Gold prediction / Wrist wrestling between buyer and seller📈FOREXCOM:XAUUSD OANDA:XAUUSD Hello dear traders. If the price does not stabilize above the $2030 level, it can start bearish scenario. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
FOREXCOM:XAUUSDShort
by CrazyS
2
MAZN Bearish Butterfly Pattern Will Start at 134$. The Butterfly pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C and C-D. It helps you identify when a current price move is likely approaching its end. This means you can enter the market as the price reverses direction. The above chart is a bearish version of the pattern, where you would be look to sell AMZN after the pattern has completed. X-A In its bearish version, the first leg forms when the price falls sharply from point X to point A. A-B The A-B leg then sees the price change direction and retrace 78.6% of the distance covered by the X-A leg. The Butterfly is similar to the Gartley and Bat patterns but the final C-D leg makes a 127% extension of the initial X-A leg, rather than a retracement of it. B-C In the B-C leg, the price changes direction again and moves back down, retracing 38.2% to 88.6% of the distance covered by the A-B leg. C-D The C-D leg is the final and most important part of the pattern. As with the Gartley and Bat pattern you should also have an AB=CD structure to complete the pattern, however the C-D leg very often extends forming a 127% or 161.8% extension of the A-B leg. As a trader you would be looking to enter at point D of the pattern. How to trade a bearish Butterfly To trade a bearish Butterfly pattern, place your sell order at point D (the 127% Fibonacci extension of the X-A leg), position your stop loss just above the 161.8% extension of the X-A leg and place your profit target at either point A (aggressive) or point B (conservative).
NASDAQ:AMZN
by SEYED98
📈Bitcoin price correction / Targets for the Bearish market📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. Let's make it simple. Bitcoin will retest lower levels around 43K. (But the most important dynamic level is the Daily Bollinger midline.) If the price breaks below the specified area, Bitcoin can fall towards lower targets of $40,000 to around $37,500. Many analysts are predicting a sell-off after the approval of the Bitcoin ETF.("Sell the news") ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Short
by CrazyS
12
DOW - At ATH's 38k next Target. BLACKBULL:US30 is sitting at the top of the move with what is looking like one more move higher into 38k before we see a decent retracement. In the smaller TFs there is a pattern setting up giving us potential upside targets. I go into more details of these levels to watch in my group. Once the high comes in we look at the retracement to see if its going to be bullish or bearish. But first we need a top, then we can go from there. I hope this helps. Enjoy the week.
BLACKBULL:US30Short
by L_F
Weak Bull Formation and Short-Term Buy/Sell OpportunitiesEURUSD presents a potential shorting opportunity with the Bearish Butterfly Pattern on the 4-hourly chart at 1.1045. This aligns with the backdrop of a weaker bull trading setup observed on its Weekly chart. For those seeking a buying opportunity, consider monitoring the 1-hourly chart at 1.0993, where a potential support trading setup might offer an entry for bullish positions. What's your analysis or stance on EURUSD? Share your thoughts below!
Short
by RaynLim
1
BONK is Ready to Pump again🚀🦊There has been a lot of talk about memecoin BONK these few days (it has given about ➕ 700% profit in the last 30 days), so I decided to analyze the chart of this token for you in a 15-minute time frame. Maybe we can still make a profit from it. 📚 What Is Bonk (BONK) ❗️❓ 🔸 According to the one-pager, BONK is the first dog-themed coin on Solana "for the people, by the people" with 50% of the total supply of the cryptocurrency airdropped to the Solana community. BONK is similar to Shiba Inu (SHIB) and Dogecoin (DOGE) memecoins, it was launched on December 25, 2022, and led to an increase in the price of the SOL token (a rise of 34% in 48 hours). Trading began on December 30, 2022, arousing genuine interest from the crypto community. 🔸The main goal of the team is to bring back liquidity to Solana-based decentralized exchanges (DEXs). The idea of the developers was to create a full-fledged community coin that will be used across all the dApps built on Solana, and each user will have the opportunity to become part of the ecosystem, "where everyone gets a fair shot". 🔸BONK was airdropped randomly to Solana NFT collectors, developers, and artists, other airdrop details remain unknown. 💡It was just 11 days ago that Anatoly Yakovenko , one of the founders of Solana Labs , expressed his regret that the company's Saga mobile phones were NOT sold. However, the company's official account announced today that all Saga mobile phones have been sold in the US , with only a few remaining in Europe . Referring to the amount of BONK tokens that each buyer of Solana's mobile phone will receive, Steven Zheng , director of research, said yesterday: "They want to buy Solana's phone Because the value of the BONK tokens they receive will soon be more than the phone itself. 📉From the point of view of technical analysis , it seems that the BONK token is moving in a Descending Channel . 💡 BONK also seems to be completing a 🦋 Bullish Butterfly Harmonic Pattern 🦋 near the 🟢 Support zone 🟢 and Support lines . 🔔I expect BONK to break the upper line of the descending channel after the Bullish Butterfly Harmonic Pattern completes [in 🟡 Time Reversal Zone(TRZ) 🟡] and at least rise( ➕40% ) to the 🔴 Resistance zone 🔴. ❗️⚠️Note⚠️❗️: In general, try to risk less capital on Memecoins. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bonk Analyze (BONKUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
11
Effort of the Young Green Butterfly to Raise the Siemens Flagthe detail is shown in the above Chart. I made this Idea based on Candlestick Analysis and Fibonacci Tool . The Buyers' Crab could reach the highest point at the price of 167 euros. The Bearish trend started and siemens flag is falling and approaching to the golden level of buyers crab . The past trend of sellers' candles has formed a motivated green butterfly pattern So we can expect this young Butterfly to raise the Siemens flag again. Siemens Is Great . Good luck.
XETR:SIE
by SEYED98
Balancing Bullish Signals And Counter-Trend StrategiesGBPUSD showcases a Bearish Bat pattern on the daily chart, signaling a potential shorting opportunity with a likely retest around 1.2691. Another approach would be to watch for resistance retesting, aiming for a double top with RSI divergence at 1.2606 on the 1-hourly chart. However, if you're leaning towards a buying opportunity, considering the Weaker Bull trading setup on the weekly chart, the 1-hourly chart reveals a Bullish Butterfly Pattern. Keep an eye out for a retest around 1.2522 as a potential entry point for a buying opportunity! 🦋💱🐂 What's your game plan for GBPUSD? Share your thoughts or trade strategies in the comments below! Let's discuss and analyze potential moves in this market. 💬📊
Short
by RaynLim