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Crab

Will the S&P finally turn at 4850? The bullish run of the S&P is really hard to believe. From the low of 4100, it has posted a return of close to 20% over the last 3 months. The market will always have correction, so we need to understand what is the best place to take a counter trend. There is a big pattern to sell at the current price, but the stop loss needs to be above 5000. The risk to reward is really good aiming for 4290. Let's hope the pattern holds and the market will correct for more buying opportunity.
SP:SPX
by JD_TeenTrader
Bearish Crab Visible on the Crypto/Blockchain ETFBLOK is an ETF aimed at holding many Crypto and Blockchain related stocks, some of its top holdings include COIN, MSTR, MARA, RIOT, and SBI Holdings. There was a time in late 2021 where it had topped out at the PCZ of a Bearish Gartley/Bat confluence zone depending on how you plotted it and it has since gone down over 66%, however in recent months, we've seen the price of the stock begin to recover as it has made a 38.2% Fibonacci retracement from the all-time high to the most recent lows. The original level it bounced from was the 0.886 of a Bullish Shark, however we may now see this shark turn into a Bearish 5-0 as the 0.382 aligns with the PCZ of a more local Bearish Butterfly and this could result in BLOK making a lower low and would overall be a more profitable and slightly indirect way to get bearish options positioning on Coinbase and Microstrategy without buying into the overpriced puts of the underlying assets. I will leave an link to the previous 2021 bearish setup on BLOK which resulted in the top for reference as well as a link to the bullish setup that has just played its course on COIN in the related ideas section below.
AMEX:BLOKShort
by RizeSenpai
Bitcoin is ready to go higher to 48600 USDT. Here is whyBitcoin is ready to go higher. The price is inside this ascending parallel channel, and the bullish uptrend is intact. Usually, when you see an ascending channel on Bitcoin during a huge uptrend, it breaks to the upside. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Bitcoin is the first decentralized, peer-to-peer digital currency. One of its most important functions is that it is used as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account. However, the latter store-of-value function has been debated. Many crypto enthusiasts and economists believe that high-scale adoption of the top currency will lead us to a new modern financial world where transaction amounts will be denominated in smaller units. The smallest units of Bitcoin, 0.00000001 BTC, are called Satoshis (or Sats in short), in a nod to the pseudonymous creator. At Bitcoin price now, 1 Satoshi is equivalent to roughly $0.00048. The top crypto is considered a store of value, like gold, for many — rather than a currency. This idea of the first cryptocurrency as a store of value, instead of a payment method, means that many people buy the crypto and hold onto it long-term (or HODL) rather than spending it on items like you would typically spend a dollar — treating it as digital gold. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
21
BTC SHORT/CRAB, LET GO.BTC looks to be in a short term distribution phase, with a likely top already in ~47k on CME. Expect moderate volatility this quarter, where I expect constant violent 10% swings in either direction between 46k and 41k until the ETF approval. Afterward, expect a drop to ~38.5k by the end of January. Note, January EOM has the highest likelihood of dropping the furthest beyond the "Q1 High probability range noted on the chart" towards 34.5k. Breaking out the Q1 Range will likely result in continued momentum to follow until the next line of support/resistance, noted at 50k or 34.5k. The last line of defense will be ~31.6k in the event of a full liquidation cascade as it supports the previous sideways structure we had between 32k and 25k since March last year and acts as the 0.5 fib from the ATH to this cycle low. If we drop further under 30k, than you must accept the increased probability of 46k being a bull trap and being the largest rug pull to occur and we head toward revisiting 20k, 15, and even 10k. RWI (Random Walk Index) and LS (Liquidation Screener) are the indicators used. RWI is printing bearish divergences along with starting to crossover toward bearish trend. LS probably has shown the top as it has hit the red bearish territory and recently dropped out of it and heading over the median line currently at 33.7k (but is rising and i could see it bottom out toward the lower side of Q1 probability range by EOM JAN or even EOQ) Overall, I believe the ETF may be a sell-the-news event that will in the grand scheme of things crab between 46k and 41k, until the end of Q1, but with a short visit to 38.5k. Breaking out the expected range of 46k-38.5k, begets continued momo in the same direction. Take note this is likely due to lowered overall volatility of BTC maturing as a whole. But alts may push forward after the expected flush. Let go. Relax. Q1 Ranges: High probability 46k-38k Moderate probability 52k-30k Max probability 54k-18k Trades: Short @ 44k TP 41k, 39k, (may carry it down to 30k depending on PA under 39k) SL 47k Short @ 50k ( if expected range breaks out) TP 40k, 35k, 32k SL 54k Long @ 39k TP 44k, 50k SL 37.5k Long @ 35k & 32k TP 40k, 50k SL 29k
CME:BTC1!Short
by linebands
Convergence of PatternsTraders, I've spotted a compelling shorting opportunity on AUDCAD, presenting itself differently across various timeframes. Specifically, the daily chart indicates a trend trading setup, showcasing the convergence of both the Bearish Shark and Bearish Crab Patterns in the same region. My strategy involves waiting for the market to reach the 0.9000 region before considering engagement. At this level, I anticipate price action traders joining in, amplifying the trade potential. What are your thoughts or trade plans for AUDCAD? Share your insights or potential strategies below!
Short
by RaynLim
1
Other see this as Coal, I see this as DiamondA retest of previous resistance on the daily chart combined with a strong bullish candle movement (an engulfing candle) is an intriguing setup. The observation of RSI Divergence at these levels serves as a significant indicator for a potential reversal. Regarding the recent deviation from the PRZ zone of the crab pattern on AUDUSD, it seems it hasn't reached the HOP (Harmonic Optimal Price) level before reversing. This deviation could be a point of interest for observation on the H4 chart. Your decision to take an aggressive shorting opportunity due to the attractive profit factor is noted. However, as you rightly mentioned, managing risk is crucial in such trades. Wishing you success in your trade management and strategy execution!
Short
by RaynLim