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Harmonicpattren

BTCUSDT final leg down short?Is it time for BTC to go down? Is this the start of a possible 5th wave? This is only one possible TA for short, although there are many arguments and the possibility that BTC is still going up. But currently the risk reward is so good that this trade looks very attractive. The analysis was made with Fibonacci, Elliot waves and harmonic patterns. Currently BTC reached TP1 for Anti Bat pattern. More on this, that is, in more detail the next day or two, when I have a little more time (and until then, if the bulls want to, I can disable this idea)
Short
by CryptoArch_
SP500: Consolidation in Short Term?Hi Traders! Medium and Long-Term Trends are bullish, but in short term SP500 could remain bearish even after a pullback. If we look at daily chart, the Price Action is approaching an important support area around 4,305, if from here it triggers a bullish leg, it's possible a harmonic structure formation (for us, bearish). Having said that, we have a first Target Area around 4,275 and subsequently 4,220. Trade with care Like | Share | Comment
OANDA:SPX500USDShort
by TheAnonymousBanker
7
GOLD: Daily Analysis |Bullish Pattern|There are many considerations that can be made about Gold, and today we share some of them. In this geopolitical and economic context, Gold is an important pawn on the chessboard. If we want to understand where the price could go in the coming months, we need to understand why we got this far today (as I write the Spot price is 1925). 💡 What is really supporting prices well? The answer is very simple, operators have many doubts and uncertainties, so they buy gold, especially as long as US 10Y remains bullish: (Click on Analysis below) 💲 The US Dollar is also important in this game, and in the coming months it could even surprise us...: (Click on Analysis below) 📈 Technical Analysis Having said this, from a technical point of view, if we look at daily chart, we do not exclude a bullish harmonic structure with an interesting potential target around 2000. 🔏 Risk Management: As we showed in our latest intraday analysis, we went Long the last bearish leg on 1H chart, so it will only be necessary to move stop loss to B/E: (Click on Setup below) 🔴 What could cause this to fail? What could cause this to fail? The FED's interest rate decision and inflation data are expected next week, these events could actually change this scenario. In conclusion, even if this analysis will be correct, the path will be long and full of obstacles, so it will always be necessary to look for intraday supports and potential Reversal Patterns on small time frame every day. Thanks for your attention. Trade with care Like | Share | Comment
OANDA:XAUUSDLong
by TheAnonymousBanker
14
Potential Gold (XAU/USD) Bat; Is gold going down?Soooooo, you know when there's one person in the room that says something crazy.....well I'm possibly about to become that person. My previous post about the long short on the USD/JPY still shows that there is still a little bit of way for the USD to climb before the drop. So, this took me to the gold chart, and here's where we are at present. I have had this bat drawn for around 10 days, and really didn't believe that it would play out, but so far it is. This is IMPORTANT bit....this bat could easily break if closes above point C, it could also really break if it doesn't drop down to point D. To get down to point D we need the DXY to rise....and to get to that point we will need the FED to announce a rate rise. Now I'm fully aware that Wall Street is 60/40 that there will be a halt in rate rises, sending the dollar down, but, and it is a but, this chart is a possibility. If there is a rate hike then the chances are that we are heading to point D at 1866, then put your fib on the CD point and 50% is the TP1, point C is TP2. I'm not saying that any of this will definitely happen, and don't shoot the loony in the room, but it's a possibility that is on the table. Don't forget, the FED won't be worried about throwing the little guy in the street under a bus. Their job is to look after the economy.
TVC:GOLDShort
by BATZ-RULE
USD/CAD: SomeHi everyone! In the past few weeks we have already traded FX:USDCAD pair on the first trendline re-test, but at the same time this technical element could still be useful to us. The big picture on daily chart is harmonic structure followed by corrective structure with ABC Pattern formation. ✔ At the moment, we remain below an important resistance (not shown on chart), but if there is a bullish breakout during the first hours of trading, another bullish consolidation should appear, pushing the price to retest the trendline around the 1.3389 area. ✔ From a technical point of view and following the pair on intraday chart, it could be interesting to take a long position on pullback or corrective structure that will appear. During the next hours/sessions, we will publish new updates, even on minor time frame in the section below, or visit our Blog for a more detailed technical analysis. Trade with care. Analysis by Anonymous Banker Team Like | Share | Comment
Long
by TheAnonymousBanker
18
EURCAD's Price Action shows potential bullish moveGreetings Traders, It is a pleasure to reconnect with you following a brief break. Here is my EURCAD analysis. EURCAD ANALYSIS Taking a long-term view, it is apparent that the EURCAD has been experiencing an upward trend, as evidenced by its movement within an ascending channel. Notably, between April 17th and 26th, there was a substantial rally of approximately 500 pips, resulting in the attainment of the month's highest price (1.51099). However, after reaching the March high, a bearish harmonic reversal pattern (referred to as a crab) appeared, prompting significant selling pressure, which caused the pair to drop until May 1st. On May 4th, the pair experienced a rally to the 1.50974 region, creating a relative double top pattern, followed by a significant decline. Currently, a bullish reversal harmonic pattern (bullish bat) is formed, and it is anticipated that it will prompt a significant bullish pressure towards the supply zone at 1.50770. My short and medium term targets will be 1.48039 and 1.49274 respectively.
Long
by Samuel124
EURUSD: Bearish consolidation in near term?Hi everyone! Trend is bearish on intraday chart and an approach around 1.07 area is possible. Having said that, on 1H chart the pair remains under pressure as long as the Price Action stays inside the descending channel. From a technical point of view, it is possible to form a harmonic structure or a bearish impulsive structure with Target around 1.07 area. A bullish channel breakout would initiate a bullish corrective structure. Trade with care Like | Share | Comment
Short
by TheAnonymousBanker
1
Macro Bullish BAT, SHARK, and Deep CrabAn extreme speculation outlook on where support may come in for BTC. BAT, SHARK, and Deep Crab all lining up at the 88.6 of the macro fib. The C point is purely up in the air where that could end up, but this must pump up to make a lower high at C to come all the way back to 21k for the full completion to D. Multiple patterns are lining up with this price target. Not to mention a higher low to be put in. From there, this could even go lower, creating another Deep Crab at 12k for the Full .886 of the bull run Shark.
COINBASE:BTCUSDLong
by Jetki
💡BTCUSD ANALYSIS💡Hello Valued Friends, Technical Analysis: Daily Bearish Shark: When examining the daily chart, we can observe that the Bearish Shark formation has completed. *The first target of 29275 has been reached. The second target is 28200 The third target is 26789 Daily and weekly closes above 32650 are important levels to be monitored. Daily Bullish Bat: Another possibility on the daily chart is the formation of a Bullish Bat pattern in a different area. This formation could herald an upward move following a downtrend. Potential Weekly Bullish Shark Formation: When inspecting the weekly chart, we notice the potential formation of a Bullish Shark pattern. Additionally, I am monitoring the weekly chart up until the 6th-7th month of 2024. Significant price levels are marked on the chart. Short-term expectations point towards a downward direction in technical terms. However, for the long term, around the 6th, 7th, and 8th months of 2024, I anticipate a significant rise based on the fundamental factors depicted in the chart. Furthermore, I have been using the speed resistance fan shown in the image for a long time. When it breaks the all-time high price, fan directions could prove useful. Fundamental Analysis: Particularly, the halving event in March-April 2024 and the BlackRock SPOT ETF application, which will be decided in February 2024, hold importance for the future of cryptocurrencies. Bitcoin Halving: The Magic of Limited Supply In March-April 2024, the Bitcoin network's reward system, known as halving, will occur. This means that the amount of Bitcoin miners receive per block discovery will be halved. Such halving events facilitate a controlled reduction of Bitcoin's supply. Historical instances indicate that each halving has led to a price increase in Bitcoin. BlackRock SPOT ETF: Could it Accelerate Institutional Acceptance? One of the crucial steps for wider acceptance of cryptocurrencies in the financial world is the creation of products that facilitate access to crypto assets by major financial institutions. The anticipated outcome of BlackRock's SPOT ETF application in February 2024 holds significance in this regard. If approved, it could provide a more straightforward and secure avenue for traditional investors interested in crypto investments. So, What Negative Factors Could Impact the Market at Any Moment? Bankruptcy of a Major Crypto Exchange: The insolvency or distress of significant exchanges could heighten market sensitivity. Such a situation could trigger trust issues and price fluctuations. Issues with Stablecoins: Problems with stablecoins, especially popular ones like Tether, could lead to market fluctuations. If a stablecoin loses value or its reputation, it could have significant effects on the crypto market. In conclusion, the market is risky, and being cautious while practicing risk management is essential.
BINANCE:BTCUSDShort
by shncoskunn