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Crab

Deep crab reversal into a bullish bat From what I can see on the chart short we can see a deep crab pattern which has caused price to reverse from bearish to bullish. Price has come back to retest the 161.8% entry for the deep crab and also has formed a much smaller bullish bat pattern. Using the bat I can look to enter a much larger position due to the small stop loss required at 100% of XA. Taking profit on the bat where the 2R for the larger deep crab pattern would be is around 13R.
BITSTAMP:ETHUSDLong
by mjchase
1
Probably not the worst time to shortFirst off, the TL:DR Version: My general sentiment on btc is this Short term: Strong Bear Mid term: crab till august or september Long Term: Strong Bull Short till 30k as the Death Cross crosses. Strong chance we hit at least 28k, 19k not out of bounds. Lower than that unlikely. Analysis/ramblings I'm not a huge believer in the death cross in the BTC market, I've seen it fail to react or treat it as a golden cross for no good reason, maybe after this crosses I'll go back and do a look at that, depends on how interesting it is. That said, I have seen BTC crap the bed from a DC a few times too, and I think that as time goes on it's more and more clear that that's what is going to happen here. The only questions to me are how long the dump lasts and will it derail the halving model? BTC is in a sideways channel, a crab market if you will. It shows no signs of leaving that aside from the coming death cross and a possible head and shoulders (or a reverse head and shoulders, depending on where you think it's valid to start drawing that pattern out). I don't really see that movement as a "real" h&s but it might play out that way. The more times it bounces around in that "crab zone", the more volatile it's movement should become, until it finally breaks out. Since the start of the sideways channel, we have not see lower lows, but we have seen higher highs (at least, on the candlestick chart, line might be different), so my general feeling is that that's the direction we eventually break out when we do. However, with the days of decreasing volume and the latest break off of the short term bullish trend coinciding with a very near term death cross, I think we could see 29-30k again easy, and we could even be pulled as low as 19k, though I think the truth will probably be somewhere between there (24k-28k is my price target if we break 30k). I don't expect it to go much lower, there's still a lot of bullish support for BTC, we've seen 70% drawdowns on the daily chart in a bull market that didn't end the long term run, even as low as 83% intraday. The case for bitcoin is stronger than ever. I really think that after some time passes, this DC will be a short term event that scares a bunch of people that don't zoom out enough out of the market. It's still the mid cycle shake out after all, something has to happen to shake out all the cowards. It will only fuel the parabolic phase that's coming after the summer. I do think It's important to consider the giant macro H&S idea that's been floating around, not so much because it's likley, but because it's about the only scenario that I see that could really derail the halving cycle and 150k btc by next year. It would also completely kill the crypto market, and there's no real reason to expect anything like that on a fundamental level. But, you know, always prepare for the worst.
BITSTAMP:BTCUSDShort
by CryptoidiotQ
Marathon Petroleum (MPC)- Concurrent Bearish HarmonicsMarathon (MPC) is flashing a short term and long term bearish harmonic patterns Specifically a Bearish Crab (short term) and Bearish Bat (long term), Ideally, we need a little longer extension for the crab say the $65.50 area. Crab patterns also can extend further than expected, I have also overlaid a USOIL plot. Directionally certainly a reasonable fit. I won't be in a hurry to short this puppy but with a break in the oil price MPC should roll over. MPC is expected to report strong earnings on July 29th As usual do your own due diligence and pay attention to oil's direction, S.
NYSE:MPCShort
by Steve666
Ocado Group Huge potential Time to Buy for 50%+Like many other Businesses that were positively impacted by the Pandemic OCADO was clearly one of them . This UK Stock is a must have in any portfolio, what the Internet done to Blockbuster is what Ocado will do to the Supermarket eventually. March 2020 OCADO begins to break out and establish a Bullish Trend and prints fresh ATHs during Sept, followed by a 40 % retrace lasting until December 2020 and then a retest of the highs which took us to the end of January 2021. Since the retest of the highs in January we have been in a retrace which is very close to completion . The pattern you see is the Deep Crab harmonic, with the area to buy clearly marked *PRZ Price Reversal Zone I have marked out some potential take profits that you can expect to recieve upon completion of the Harmonic. Swing Trade or Long term investment this Stock is a must have and truly is the Amazon of the supermarket industry. Ocado Group is a publicly-traded company that develops software, robotics, and automation systems for online retailers. Ocado Group undertook an initial public offering on the London Stock Exchange on 21 July 2010, and is a member of the FTSE 100 Index. Ocado Group was built upon its retail business in the UK, Ocado Retail Limited, which is a separate legal entity today. However, Ocado Group has evolved from a retail business to a technology company and it is claimed that it is valued more like the US technology company Amazon than its retail counterpart Tesco in the UK. On 21 November 2019, following the creation of a 50/50 joint venture company with retailer Marks & Spencer (Ocado Retail Limited), Ocado was no longer required to call itself a grocer by the Competition and Markets Authority. Ocado Retail Limited (ORL) or Ocado.com is Ocado Group's British retail partner and an online supermarket that uses Ocado Group technology. The Ocado Smart Platform is Ocado's hardware and software platform for operating retail businesses online. Clients include the following supermarket chains: Morrisons (UK); ICA (Sweden); Group Casino (France); Sobeys (Canada); Kroger (USA) and Bon Preu (Spain). The Ocado Smart Platform (OSP) is the organisation's 'suite of solutions for operating online grocery businesses'. The platform supports retailers with webshop, mobile applications and voice ordering for their end consumers. Ocado Group's physical warehouses called “Customer Fulfillment Centres” (CFC) are also part of the smart platform along with the store pick technology that it sells to its partners. OSP also supports last mile technology which includes fleet management, routing and delivery planning. Ocado Group claims that the platform was created at an “intersection between six disruptive technologies: AI, Robotics, Digital Twins, Cloud, Big Data, and IoT. Ocado Group’s proprietary technology is protected by over 200 patents. A must watch www.youtube.com www.youtube.com
LSE:OCDOLong
by SJTRADESFUTURES
7
🥊 All ways for Bitcoin 🥊Hi, thanks for spending your time on my posts 🙏. Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰ (sorry for the busy chart, but my chart needed these lines). We saw a great pump for about 1 day and 8 hours 😱 (One of the reasons was for Elon Musk's Group (Tesla) ). Ascent slop was 70 degrees (normal degree is 45 ), so I expected that the uptrend will not continue like before (it's like ❄️ snowing ❄️, when we are watching heavy snowing, most of the time snowing will stop soon). Location : Bitcoin's Correction has started around 64200$ (The Corrective structure is Zig Zag 5-3-5 ). If you followed my posts, we found End of microwave 4 of main wave C ( 40840$ on Descending Triangle ). after that we had to find the end of microwave 5 of main wave C ( End of our correction ). If the price goes UP over 42400$ , I can say that the end of microwave 5 is 33179$ ( Point D on our chart), also we are on 5 new impulsive waves. Otherwise, microwave 5 will be the complex type (WXY_WXYXZ). Patterns : Bitcoin was able to make Descending Triangle , but this pattern failed yesterday by that pump (Pay attention to Point E ). At our triangle, I found a Reverse Head and Shoulder Pattern that the upper line of our triangle was the necking line of this pattern + Bullish Flag pattern (Inside of our triangle). In addition, I tried to show you our Resistance Zones that we have in front of Bitcoin . Resistance zones on Bitcoin's way (Respectively): Resistance zone : 41340$ until 40800$ ( Resistance + Cluster of Fibs )/ The price is behind it right now == Medium Resistance Resistance zone : 42250$ until 4225$ ( Monthly Pivot Point + Bearish AB=CD Harmonic Pattern + Cluster of Fibs + Pitchfork's line + Fib circle )/ I don't think that Price can break this zone just with one test.== Heavy Resistance , pay attention to green Rectangle. Resistance zone : 44280$ until 44071$ ( Bullish Flag Pattern's Target + Cluster of Fibs + point D of Bearish Deep Crab🦞 ) == Medium Resistance Resistance zone : 46186$ until 45320$ ( Resistance + Cluster of Fibs + Yearly Resistance 2 + Reverse Head and Shoulder's Target )/ == Heavy Resistance My Suggestion : First Altseason has ended ( i am talking about now), so better, we try on Bitcoin For buying or open Long positions/ If you find triggers for buying bitcoin, please do not buy your fund just in one step , enter in your trade with 2 or 3 steps // if you want to find triggers for Short positions, you can concentrate on TRZ and Resistance zones , especially on a green Rectangle .// Also, you can watch my Hypothetical ways , I will try to update. Again sorry for the busy chart, if you have questions, please write them below this post. (If you like my explanation, please like ✅ my post. 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 be glad to see your ideas in this post. Please do not forget the 'like' button 🙏😊 & Share it with your friends, Thanks, and Trade safe. Good luck
by pejman_zwin
2
(Update) BTC's next potential targets!Hi every one BTC/USDT as you can see BTC has managed to break this bearish pattern. but If we pay attention we can see a Crab pattern as well! so now we can expect the price to increase to 44k and after a correction(the price might reach 39k to 37k to do the correction) It shall increase once again .It's gonna take a while so we have to be patient! Previous Analysis: Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
16
Bitcoin Analyze UP 🐮 or DOWN 🐻Hi, yesterday was a great day for Bitcoin , it had an amazing pump (About 2000$ 😱 just on one 1h candle). Bitcoin Analyze ( BTCUSDT ) Timeframe 1h . BTC swung on the Range channel for about 1 day and 14 hours , after that the price was able to break it (to the top), and then we saw that amazing Pump breaking our main Downtrend line . in this area (Live), we have a Resistance Zone + TRZ ( Time Reversal Zone ). Resistance Zone includes Fib Channel's Lines (88.6%) + Weekly Resistance 1 (38800$) + Daily Resistance 2 (38733$) + Cluster of Fibs + Bearish Crab Harmonic Pattern 🦂. Also, I found Bearish Harami ( Candlestick Pattern ) at TRZ . Now, I am coming with my scenarios again 😉. I have 3 scenarios : Scenario 1 : if the price goes UP over 39380$ , we can see 42000$ $ 43000$ soon. Scenario 2 & 3 : if the price goes Down to our main Downtrend line ( Point A ). Point A can be a Critical Point for us, better, I had to say that BTC will decide to go UP or again BACK to the under Downtrend line ( UP will make my Scenario 2 // DOWN will make my Scenario 3 ). My Suggestion : We have to wait and find the best triggers for the best scenario . Support zones on Bitcoin's way: Support zone 1 : 37550$ until 37420$ ( Yearly Resistance 1 + Fib's lines ). Support zone 2 : 36466$ until 36380$ ( Weekly Pivot Point + Weekly R1+ Fib's lines ). Support zone 3 : 36140$ until 36000$ ( Top of the range channel + Fib's lines ). 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 be glad to see your ideas in this post. Please do not forget the 'like' button 🙏😊 & Share it with your friends, Thanks, and Trade safe. Good luck
by pejman_zwin
4