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Crab

ETH/USD 1D Deep Crab PatternIdea ETH/USD is en route to complete a beautiful harmonic reversal pattern known as the “deep crab” on the 1D chart. This is a very “clean” pattern and has been forming for about 6 months now. In addition, there is an even older 0.618/1.618 AB=CD pattern that begins from the lows of this current bull market and is projected to end right where the D point of the “deep crab” pattern ends. Therefore we can surely expect a notable reaction in ETH/USD around these levels. Price Structure X: 12 May '21 @ 4380 A: 20 Jul '21 @ 1687 B: 03 Sep '21 @ 4072 C: 21 Sep '21 @ 2598 ??? D: 26 Dec '21 @ 5901 Potential Reversal Zone 1.27 AB=CD: @ 5628 D: @ 5901 XAD: @ 6044 Conclusion Use the red trendline coming from 20 Jul '21 and 21 Sep '21 on the bottom of the pattern (this also coincides with the blue line=21 week exponential moving average) and the red trendline coming from 12 May '21 and 03 Sep '21 as support for the time being if you are long. Although the anticipation for the “deep crab” pattern to complete is on 26 Dec '21, the maximum time of allowance on this would be 16 Mar '22 which is the 1.618 of the time it took for X, A, B to form or 114 days*1.618=194 days. Once the pattern completes it will most likely mark a time for ETH/USD to correct before it continues a final euphoric wave to wherever “YouTube analysts” say it is probably going. Usually the first level to test on the downside will be the 38.2% retracement of points A to D which would be 4291 but I doubt we will get there for more fundamental reasons. A more reasonable retracement would be the most recent high of 4850. Good luck!
BITSTAMP:ETHUSDLong
by UnknownUnicorn13678091
Potential Crab Forming 🦀EURUSD - Potential Crab Pattern, waiting for a pullback/test before potentially entering this retracement up to the PRZ zones, D point of crab lands on nice imbalance zone and theres another zone above which is also nice where the .768 lands, all depends how strong the downtrend is. I'm looking to trade this from as low to the DL as possible with LTF confirmation. (Remember if you trade this be careful with your lots as your trading against HTF momentum) Let me know your thoughts! ** Disclaimer *** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only. If your interested in knowing more about my specific trading strategy contact me directly or follow the link to one of my free groups! Thanks guys!
Long
by benalistarfx
Potential 🦀USD/CHF - Potential Crab Pattern Forming on LTF, HTF we have a double bottom forming (Not confirmed until we get a neckline break so right now i'm analyzing price based on LTF price action/structure. We have a lot of imbalance left over from the weekly pushes and the D point lands on a strong OB (Which will potentially make a nice sell too whilst also covering previous imbalances and will take out trapped liquidity) I expect to drop towards the 1.23285 level before rising to then break the DH. let me know your thoughts!
Long
by benalistarfx