Bullish crab patternIf 0.618 is broken and there is back test to 0.618. Then only there is potential Harmonic crab pattern.
Crab
Trading Plan using Harmonic, Fibonacci and DTL on 4/7/211. Weekly TF show major uptrend (yellow line)
2. DTL in hourly TF show newly Breakout at 0.210
2. In hourly TF was found Deep Crab pattern and point B near 88.6%
3. My Trading Plan used BODTL in circle for my EP and CL using near fibo retracement 61.8% (point A-B)
4. Using Fibonacci retracement point X-A to get point D at 161.8% for my 1st target.
#smtm
#StopLimit MYX:NWP
Trading Plan using Harmonic Pattern and Fibonacci on 4/7/211. Weekly TF show major uptrend (yellow line)
2. In 3Om TF was found Deep Crab pattern and point B near 88.6%
3. My Trading Plan if break for point B is my EP and CL at point A
4. Using Fibonacci retracement point X-A to get point D at 161.8% for my 1st target.
#swing
#TrailingStopLimit MYX:ITRONIC
Trading Plan using Harmonic Pattern and Fibonacci on 4/7/211. Weekly TF show major uptrend (yellow line)
2. At 30m TF found Crab pattern and point B near to 61.8%
3. My Trading Plan if breakout from point B is my EP and CL at point C
4. Using Fibonacci retracement point X-A to get point D at 161.8% for my 1st target.
#swing
#TrailingStopLimit MYX:JETSON
Nike (NKE) Too fast out of the blocks ??
Nike had great earning June 24th which created a $15 gap.
Now we are $10 higher,
Presently there is confluence of 2 bearish harmonic patterns.
A short candidate if the market starts to roll over
As usual, do your own due diligence
A close under $155 might get my attention.
Note: Crab patterns can extend to the 1.82 area which is approx. $166.50
Good Luck
S.
Global Payments Inc -( GPN) A positive payload ?Interesting intersection of CRAB, Shark and ABCD Harmonic patterns.
Needs the broad market as wind to its back
As always, do your own due diligence.
Earnings are Aug. 5th
Don't chase this !
S.
Xrp Short Term Short ; Long term Long Xrp Up to 70 Cents , Back Down to 63 Cents, back up past $1.00 , I believe July 4th There will be a significant Event on July 4th That will Lead to a massive Bull Run.
USDJPY - How high can you go?Recently a question was asked, "How high can USDJPY goes?" Well, from the chart I'm seeing 113.07. That means, based on the daily chart, I will only be looking for shorting opportunities when USDJPY reach 113.07.
That doesn't mean you should buy and exit at 113.07, unless you have a trading strategy that you have tested a hundred times and give you your desirable results.
Bitcoin Bearish Crab? 49k target?Okay, so I used to think that harmonics need to hit the exact fib levels, but apparently it is the range that makes it valid. Could this possibly be a bearish crab? It seems like the fib levels match up and the upper target has to be at the 1.618 fib level which puts the reversal at 49k.
This the first time that I use a harmonic in an idea so take it with a grain of salt. I want to see if this actually plays out.
NDX 20 Year Crab
3.618 EXT for the 20 year XABCD structure
Extended is a bit of an understatement
Time Fib ratio for perspective.
Currently between Greater Macro Fibs 321 & 842
More for awareness: This can potentially take take many months to unfold.
EMA's = 3 month 21 & 55
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.
GBPUSD, M30 - Crab pattern aheadPotential harmonic Crab pattern. Reaction on 161.8 needed. There is nice support area. This might be very short-term bullish reaction
PLTR - CRAB Harmonic Pattern TP-1: OK, Next ? TP-2As Crab harmonic pattern rules, D point (BC Fibo Ext 261.8%-) was point to take an appropriate long position.
TP-1 = 25,09 (CD Fibo 38.2% ) - Taken.
TP-2 = 30,48 (CD Fibo 61.8%) / %19 profit if the stock maybe goes up
Crab Harmonic Patterns rules
B Point = Crab pattern begins with an impulse leg / XA Fibo =38.2% <78.6%
C Point = AB Fibo 38.2% - 88.6%
D Point= BC Fibo Ext 261.8%- 361.8%
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.
