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Crab

🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐First, I have to say sorry for the busy chart (BTCUSDT) , but my chart needed these lines . Please spend a few minutes on it.🙏 Location : BTC is on Corrective Structure ( Zig zag 5-3-5 ) for about 51 days (From 64795$ until LIVE price) and I think that this correction will take more time from us (maybe 2 months , just prediction ). My idea : still, BTC is on microwave 4 of Main wave C . as you know, one of the shapes of wave 4 is a triangle . I was able to find the 3 main points of the triangle A-B-C ( Contracting Triangle ). Point C has found with Bearish Gartley Harmonic Pattern + 78.6% Fibonacci (Point A ) until ( Point B ). For finding Point D , we have to concentrate on correcting microwaves (a-b-c) that are on the way to point D, I was able to find Bullish Crab Harmonic Pattern on the end of microwave a. microwave b can be around 37040$ or 37960$ . I think that Point D can be around 35698$ == 61.8% Fibonacci ( Point B ) until ( Point C ). I have three Scenario : Scenario 1 : when the price arrives to Point D , it can break the lower line of our triangle , and then the price starts to go down, so the end of microwave 4 of Main wave C was at Point C + microwave 5 of Main wave C has started. Scenario 2 : when the price arrives to Point D , then the price goes up until Point E . Point E can be a Critical Point for us (It is the end of microwave 4 of Main wave C ), better, I had to say that market will decide to go UP or DOWN ( UP will make my Scenario 3 // DOWN will make my Scenario 2 ). If the price goes DOWN at Point E , we can say that microwave 5 of Main wave C has started. Scenario 3 : when the price arrives to Point D , then the price goes up until Point E . Point E can be a Critical Point for us(It is the end of microwave 4 of Main wave C ), better, I had to say that market will decide to go UP or DOWN ( UP will make my Scenario 3 // DOWN will make my Scenario 2 ). If the price goes UP at Point E , we can say that BTC will go UP by 5 new impulsive waves . My Suggestion : please do not buy Coins for Midterm and Long-term investment until the market finds a way. 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 on this post. Please do not forget the 'like' button :) & Share it with your friends, Thanks, and Trade safe. Good luck
by pejman_zwin
41
Nifty Deep Crab Harmonic PatternNifty is forming Deep Crab in 1 Hour and 2 Hour and pattern is confirmed. It is still not bearish at the moment therefore, please wait for some signs of weakness. Per Scott Carney (Harmonic Trader) , SL for Deep crab should be around FIb level 2 of XA Leg. Other possible levels are 2.618 FIB Extension of BC Leg and 1.618 FIB derived from trend based FIB from ABC Swing. (Pl note that this 1.618 FIB is not prescribed level per harmonic trader books and strategies. This is based on my experience and learning. Again, right now it is not at all weak, Let is show some signs of weakness, like RSI sliding down, Bearish Div. on RSI, bearish candlestick pattern, bearish price action patterns etc.
NSE:NIFTYShort
by Kru-KB
4
UPL Weekly EW Wave counts with Harmonic Crab Formation WIPUPL Is technically looking solid and every dip should be a buying opportunity. Per Elliott Wave analysis Wave 3 formation in progress and we know that for any trend wave 3 is usually the strongest part of the trend. Wave 2 exactly retraced up to 0.618 FIB of Wave 1. We can also see subwaves within major Wave 3 but I will let the structure develop itself before attempting to count and measure them. At this point, a fair estimate would be to have wave 3 as 1.618 times of wave 1. We will obviously fine tune and find out a possible zone when subwaves starts to emerge with more clarity. That way we will have FIB Clusters up to which Wave 3 may go. From the Harmonic Crab Pattern perspective, We see B Point as 0.618 retracement of X-A leg and then C point as 0.382 retracement of A-B Leg. And we know once we identify the structure with 0.618 as B and 0.382 as C, this is usually Crab Pattern with 1.618 projection on X-A leg. I always recommend having a free account with Scott's harmonic trader website, download all the three PDF copy and read the concept. It is really amazing and accurate. From EW perspective, please read EW Wave book "Elliot Wave Principle : A Key to Market behavior" by Frost and Prechter.
NSE:UPLLong
by Kru-KB
1
Bullish Update for BEST Inc SetupA few weeks ago i posted a Bullish Crab setup for BEST INC and while the price did briefly dip below the PCZ, the price never got near our stoploss and is now well above our PCZ. BEST will be releasing earnings within the coming weeks and i expect it to have major gains leading to and after earnings. As of today i have discovered that not only did BEST have a bullish crab on the daily, it also has created this long term weekly and monthly channel that it's at the bottom of with lots of bullish divergence on the RSI. For more context on the original Bullish Crab idea refer to the idea located on the related ideas tab below.
NYSE:BESTLong
by RizeSenpai
The DAX is Going Against History - Bearish Crab in the MakingThe DAX index appears to be forming a Bearish Crab pattern, which typically entails likely bearish reversals. This is strong enough confirmation of the aforementioned bearish sentiment, but there is more. Provided that the price action reaches point D at around 15900.000, this would create perfect selling conditions. Moreover, the peak of the Crab pattern would be situated close to the psychologically significant resistance level at 16000.000, which in itself serves as a major turning point. Even though the index is expected to appreciate by an additional 300-400 basis points before such a reversal takes place, bears should keep an eye on the immediate behaviour of the price action. The Stochastic RSI indicator is already threading in its overbought extreme, which could incite more selling pressure in the near future. Moreover, the price action is currently testing the historic resistance level at 15500.000. Given that the index has never been able to penetrate this threshold decisively in the past, a reversal from the current market price seems highly probable. On the other hand, the latest upswing was initiated as a Marubozu engulfing candle that rebounded from the psychological support at 15000.000. The latter was also able to break out above the 50-day MA (in green) and the 100-day MA (in blue), both of which were serving as floating resistances at the time. This confirms the strength of the bullish pressure in the short term.
XETR:DAXShort
by Trendsharks