Crab
Bitcoin could be heading to 100k It appears that Bitcoin is being used to hedge vs the US Dollar crashing.
$84,000 is certain in sight and who knows it could get to $100,000 sooner than anyone might of thought
I still think that BTC is too volatile for my liking and therefore I've stayed out. I've been happy to avoid FOMO.
I think that many will profit from a possible further charge north. But there is also still a risk that it BTC could reverse significantly.
Comment: For anybody trading an inherently very volatile instrument like BTC (and others such as exotic currency pairs), the big issue is loss control.
Perfect automated detection of DeepCrab pattern - ShortEntry(sell) 1.24500, T/P1 1.23000, T/P2 1.21000, S/L 1.25500
A Bearish DeepCrab pattern occured within the resistance zone of 1.245-1.255.
(In this resistance zone , there was a rebound in Sep 2018, Dec 2018, Jan 2019, Jul 2019, Sep 2019, Jan 2020, Feb 2020)
Short entry when rebound again.
USDJPY-Weekly Market Analysis-Feb21,Wk3If you are in our community you would have engaged the Bullish Crab Pattern on the USDJPY trade you would have gained 37pips and have your stop-loss shifted to entry without working the market might go against you.
If you have not, that's not the end of the world, since the trendline(blue line) is not broken, that could be an opportunity for you to long. However, I won't do that.
I would rather wait for it to retrace to its previous low point, or even better a bullish bat pattern form at 104.61.
EOS/USDT crab pattern is more reliable now!Hi every one
EOS / TETHERUS
we posted a while back about EOS/USDT and now the situation has changed a bit!
now EOS/USDT has broken the descending triangle which it was in for a long time and now has a strong new support which means the crab pattern which we talked about a while back is now more reliable!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck.
BTC Bearish CrabbieFits within the parameters of a Bearish Crab Harmonic Pattern almost perfectly, and well within the boundaries outlined by Scott Carney (2001)
The critical aspect of this pattern is the tight Potential Reversal Zone created by the 1.618 of the XA leg and an extreme (2.24, 2.618, 3.14, 3.618) projection of the BC leg but employs an 0.886 retracement at the B point unlike the regular version that utilizes a 0.382-0.618 at the mid-point. The pattern requires a very small stop loss and usually volatile price action in the Potential Reversal Zone.
We will see just how far this correction goes -but thus far, PA is behaving exaaacctlllyyy as the pattern would suggest.
$35772 - T1
$29377 - T2
$26330 -T3
We will see. Bulls could step in and invalidate very quickly -will keep an eye on the DXY. It is looking bearish, however it still has the potential to bounce and retest the 200 DEMA, an almost 3% move up.
Which, if my inverse correlation study is correct -would suggest a 45 - 60% correction out of BTC.
Final shakeout before Mars?
Elon?... Satoshi?..
- JNY
3CandleCollective