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Harmonicpattren

BTC - It's ShotBTC at $37500 in the next few days? * Appears to be the most likely scenario (of course it won't go straight there will consolidate, make short term markdowns and pumps) and there are two bounce scenarios here in this chart, one bounce is higher than the other, however both lead to the same place $37500. And by no means am I a bear I love BTC and crypto, and I also see this thing dumping further. Looking at the entire pattern it appears to me the price was artificially pushed up to sell into fomo to profit from new buyers. * in the past year almost every time I look for "the bounce" during a certain short term downturn like this- there isn't a bounce- it just keeps dumping For what it's worth Good luck and best regards
BITFINEX:BTCUSDShort
by Joseph_MG
1
LUNA/USDT Trade Set Up After my original trade set up at $44 off of the PCZ of the Bullish Bat Pattern i had a 3rd target of $100. Profit took (120% up in 2 weeks) and exited at $100 before it went to All Time Highs at $104 and reversing! After re analysing the chart i noticed the cup and handle structure forming on the daily chart. I also noticed more significantly the ABCD structure from the lowest low of this rally to a 1.618 extension would have took overall to $140. Although this asset had just increased 120% in 2 weeks which i was lucky enough to ride up i started to think yes this was definitely a level to take profit at the top of the harmonic but then again traders that were in this position and at this time with market conditions starting to turn around and the macro looking bullish again that it would have been prudent to start using those fib extensions rather than exiting. I also found an edge on the LUNA/BTC chart which has only ever made higher highs and higher lows! i would recommend anyone to check that chart out for a beautiful example of an amazing uptrend. So I created a new trade up at $93.37 entry and a stop loss of $87.20 we actually went down to $89 before my argument started to play out and we didn't get stopped out! Targets where very easy to place and fit perfectly in numerical order at $120, $140, $160 and a swing for the fence target of $200 my reasoning = $120 is the 1.272 Fib extension $140 is the 1.618 Fib extension and pattern completion of the ABCD structure $160 is the major move of the Cup and Handle structure $200 is really a swing for the fence aggresive target of the 2.618 Fib extension because if any asset makes a 'crypto move' to the 2.618 Fib this run would more than likely be this No.1 out-performer of an asset LUNA (previously private trade set up) 1st target hit!
Long
by jedtexas
3
EURGBP-Long. Gartley pattern on Daily. Longterm Bias: EUR > GBP.Long trade on Daily timeframe for EURGBP. Gartley pattern formed perfectly on Daily timeframe. Zig zag low point is reached and forming another bullish line. RSI reached oversold level and crossed LSMA. Upward movement still in progress. Trade details: Entry at: The break of the Orange-color line. Around 0.88700 to 0.88750. The Orange-color line need to be broken before jumping in the trade. TP: TBD. Maybe 0.90450 SL: TBD. Maybe 0.86455 At the moment price still forming the momentum to go upward. This is a swing-long-term trade.
Long
by LittleBanii