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Butterfly

📈Bitcoin prediction, 26K or 31K? 📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders Due to the decrease in trading volume in the last few weeks, I'm going to do some weekly Bitcoin analysis. In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas. If the price breaks below the mentioned areas, the price will drop to the level of 28,150 and then 26,500. ✌💥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
QQQ: Looking Out for a 20-40% Pull BackThe NASDAQ100 is currently sitting at the 0.886 and 1.618 PCZs of big Bearish Shark and Bearish Butterfly patterns as the indicators hover around the overbought zones; we don't exactly have much confirmation yet that these PCZs will hold, but it seems like it wouldn't be a bad idea to position against the QQQ early on via some SQQQ monthly calls and perhaps getting Bearish on some of the top stocks within the index such as NVDA, TSLA, and MSFT. Being conservative, I will only be looking for it to come back to the common Fibonacci Retracement zones below, but it's also possible that this ends up being a macro top; for the time being, that doesn't really matter because as of right now, it looks quite Bearish. On a side note, the VIX also looks like it's been preparing to spike up for a few months now and the targets for such a spike are pretty massive, as seen here:
NASDAQ:QQQShort
by RizeSenpai
Still Looking to Short!⏳ This week marks my last opportunity to go short on EURUSD. The Weekly Chart shows a violation of structure, forming higher highs and higher lows. 🦋 A Bearish Butterfly setup is visible on the Daily Chart, pending confirmation with a candle close at 1.1195 or below. 💪 Aggressive traders, like me, may choose to wait for a market retest to the previous resistance at 1.2420 on the 1-hourly chart. 📊 Stay tuned for further updates and trading insights! #EURUSD #ShortOpportunity #BearishButterfly #TradingInsights #StayInformed #TradeSmart
Short
by RaynLim
QQQ Bearish butterfly patternThe QQQs have created a head & shoulders pattern now and In the chart, you can see that we have a butterfly-bearish pattern. For short-term target head and shoulder measurement move the target to 340$ We have a rising wedge pattern when the price breaks the support line of the rising wedge: 1st Target around 310$ 2nd Target around 300$ 3rd Target around 275$ I guess the price gonna drop to 330 before the FED meeting on the 13th of June. I'm not a financial advisor.
NASDAQ:QQQShort
by MarketPax
2
IOTA: Bullish Butterfly RSI Bullish Divergence (Final Fib Level)IOTA is currently sitting at the 1.272 PCZ of a Bullish Butterfly and this 1.272 extension happens to be the last positive Fibonacci Extension on the linear scale, meaning that this is probably the least risky area possible to buy IOTA and perhaps aim for much higher levels, even as high as 1–2 dollars. Given how tight the entry and price action are, I think as long as it holds above 15 cents, we could see it go for some major Bullish targets.
Long
by RizeSenpai
1
Shorting Opportunity🔍📊 Current Market Overview: I'm closely monitoring the EURUSD pair for a potential shorting opportunity on the higher timeframe. However, at the moment, two buying opportunities have emerged, which deserve our attention. Let's dive into the details: 🦋 Bullish Butterfly Pattern: On the daily chart, we have identified a Bullish Butterfly Pattern with completion anticipated at 1.0355. This pattern suggests a potential buying opportunity, indicating a reversal in the price action. It's crucial to keep a close eye on the price as it approaches this level. 🦈 Bullish Shark Pattern: Another interesting development is the Bullish Shark Pattern observed on the 4-hourly chart. This pattern is expected to complete around 1.0764, signalling a potential buying opportunity. However, it's important to remember that these patterns occur in the context of a counter-trend trading strategy. 💼 Trading Strategy: Given the absence of a clear shorting opportunity, I will adopt a conservative approach and focus on the identified buying opportunities. I will set conservative targets for these trades while remaining vigilant for a suitable shorting opportunity to align with my overall strategy.
Long
by RaynLim
2