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BNBUSDT > The Possible Two Scenarios!!Analysis of #BNBUSDT BNBUSD has not been able to provide us with a confirmed close above trend linen resistance ear 440, as you can see traders tried many times to bring the market above tren lien resistance but they failed to do so. the possible scenario is, that we could see a retest to trend line support near 350 which will represent a valid buy entry-level. however, if the market closes above trend line resistance with the momentum we can then look to buy targeting the next level of resistance. ⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis. ________________________________________ 💭 | Comment your thoughts below, I always answer. 📥 | Feel free to message me if you have any questions. Thanks for your continued support!
FTX:BNBUSDLong
by TheTradersAvenue
Bitcoin Bullish Bat Harmonic Long attempt 1H Time frame — We are currently showing a Bullish Bat harmonic. Systematic tests have shown the Bat pattern success rates to be 89%-95%. If a Bat fails - it can often "morph" into a Crab Pattern where the D point exceeds the X point. Invalidation is small and we have confluence at #CME gap for a fill and a pump. Last day of the week and the beginning of the month. good luck traders and use proper risk management. Link in my bio if interested in more BTC or any other market Analysis
Short
by SMCOFFICIAL
1
bitcoin likely downCurrent Range levels: 1) 3.618 to 5.618 (at maximum) 2) 4.236 to 5.236 (concentrated) Near Points of Thick liquidity: Should be noted, old liquidity can easily be shredded with enough momentum. a: 55k & 53k b: 30k - Cases for touching "a" first: 1) When BTC.D begins to drop bitcoins price historically rises, on daily BTC.D has had a lower hight and is possibly in the process of a "drop". 2) Multi day Bullish harmonics (anti-butterfly) 3) Double bottom still possible if price closes above 55k 4) We are still preforming higher lows, fighting well against the sell off. Cases for touching "b" first: 1) Daily fishers that have touched 0 are beginning to curl down. Those that haven't yet, are too curling down. 2) Wicks suggesting greater sell off confirmed by multi exchange depth "charts" 3) Weekly Bull trend support rejection 4) Any trend above 2D Is bearish (excluding 3W and above) I call for b to be most likely.
BITMEX:BTCUSD.P
by Ostia_
1
The Entire Forex Market Gets Predicted By Aaron Truth aka WallstThe Entire Forex Market Gets Predicted By Aaron Truth aka Wallstreet aka Cookie.. Yes, that was my nickname over the years working as Stockbroker. I am from the stone age of Wall Street to the young cats out there, Yes.. NYC We don't hope, we trade. I give you what my calls have been the past month and this is exactly why I made 50% growth in my account since Jan 1st 2022 approaching $500,000 in Forex trading profits. Pick any trade you like and contact me when it hits target I can show you how I did it. I will later post tutorial videos and trading predictions here on TradingView. I also allow for traders to link to my account and copy trades after they have seen my strategy WORKS! It always works. Enjoy the video.
by TruthakaWallStreetakaCookie
2
ADABTC Long | ADABTC Short | You can trade long or short⬜ This is two trade what I took for ADA, Cardano on Delta Exchange. This is publish for my personal trading journal but maybe can be good for someone (I like to come back on my past trading and check what was good and what can be improved). ⚪ Trade is taken on weekend when mostly is low volume and when I saw possible Elliott Wave idea and this least for me is not new trend to break ATH I jump in Long. Have trade plan where to place Stop Loss, and what is my Targets. Taking profit I done based on my plan for trade, again using harmonic pattern indicator and already some possible resistance level. When reached last preset target (180% ROI) I close all trade. ⚪ Same happens for Short trade. When I saw rejection. I saw rejection from weekly resistance and based on last long trade, this is not impulse wave, maybe just larger correction, I took short trade when I saw strong rejection and didn't bounce from 1st support (expected maybe will broken resistance flip to support). Break bellow expected resistance, tested, can't break above (perfect for entry) and continue trend down. Rest of this trade is on chart where and why I took some profits. Remember ALWAYS plan your trade and trade your plan. Use Stop Loss and have Targets where you will take profit. Don't be greedy and don't forget to take profit off the table.
by CryptoArch_
ALGOUSD | ALGOUSDT Short trade on harmonic patternThis is just ALGOUSD short trade taken on Phemex exchange with all Twitter link for personal trading journal but maybe someone will find this helpful. Trade is taken when I saw ALGO reached bearish Gartley harmonic pattern PRZ and possible projected harmonic pattern. After reached confluence of two bearish harmonic (Cypher and Anti Butterfly) I have ready short position with stop loss and targets based on bullish harmonic projection (I use also harmonic patterns for good place to take profit in stages). And always moving Stop on break even or in profit in stages. Rest of full of this trade (I took 3 short and one long what is closed on break even, flipped to short) is on chart with all update I done on my Twitter. Reminder to always give winning trade to run and losing trade cut when you see is going against your idea. Use Stop Loss and take profit in stages. Move Stop Loss according to your trading plan.
by CryptoArch_
EthereumHello and a warm welcome to this analysis on ETHUSDT Let's 1st have a look at what it has done from MAY 2021 onwards From MAY 2021 till July 2021 it completed an abcde corrective triangle and in the process made a Bullish Harmonic Deep Crab Pattern. This was followed by a strong reversal till early NOVEMBER where it completed a Bearish Harmonic AB=CD pattern. From there it started a sharp correction and today it made a Bullish Harmonic Reciprocal AB=CD pattern giving some relief to those long. Now lets try to see the outlook going forward It appears that 3300 will be tested again and then a small bounce back to 4200-4300 from where another round of selling will come taking it to 2500 over the next few weeks.
Short
by Dinesh_C_Nagpal
1
Bat Harmonic Pattern - Advanced AnalysisIn this series of chart patterns, we have taken a look at the more traditional ones. However, we have not yet discussed harmonic patterns. Harmonic patterns form a part of the numerous chart patterns available for the identification of reversal points. The practice of trading using harmonic patterns is often defined as "Harmonic Trading". We felt like it was an appropriate time to discuss the popular bat harmonic pattern, defined as "The most accurate pattern in the entire harmonic trading arsenal" by Scott M. Carney (1). "Suspicions in thoughts are like bats among birds." - Translated from Francis Bacon. 1. Introduction Unlike most traditional chart patterns, these patterns do not require breakouts of the price to be traded and involve the usage of precise Fibonacci ratios (highlighted below) for the identification of harmonic patterns. This makes harmonic patterns less subjective and pretty spooky. Wow. 1.1 Fibonacci Ratios Fibonacci ratios are key components of harmonic patterns. Fibonacci ratios are obtained from the Fibonacci sequence, whose n th element is obtained by adding the two previous numbers of the sequence, that is: Fib(n) = Fib(n-1) + Fib(n-2) The sequence is as follows: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233..., and exhibits various characteristics. One characteristic of interest is given by the ratios between elements in the sequence. The ratio of one element in the sequence with the following one approximately equals 0.618, while the ratio of one element in the sequence with the previous one approximately equals 1.618. These two values are often defined as golden ratios, with 1.618 being denoted as "Phi" (upper-case P) and 0.618 as "phi" (lower-case p). The ratio between elements separated by two positions returns 0.382 and 2.618 respectively, calculating the ratio using a higher separation would return the series of Fibonacci ratios. These ratios are also given by raising the golden number with specific exponents. 0.618^4 = 0.146 0.618^3 = 0.236 0.618^2 = 0.382 0.618^0.5 = 0.786 0.618^0.25 = 0.886 0.618^0 = 1 The rationale behind the usage of Fibonacci ratios with harmonic patterns (and other methodologies in general) is given by the presence of the Fibonacci Sequence in nature and certain organisms and structures, but more importantly in human behavior. If security prices reflect investor behaviors, it seems logical to find a connection with Fibonacci numbers. This is a common rationale used by technical analysts to justify the usage of Fibonacci ratios. A few studies aimed to explain a potential connection between the Fibonacci sequence and financial markets and evidence obtained by Bhattacharya & Kumar provide further incisive research on this connection (2). 2. Harmonic Bat Patterns The bat harmonic pattern is built from 4 segments connecting points X, A, B, C, and D, each one located at a local maxima/minima of the price. The relative distance between the segments is used to determine the validity of a bat pattern; these rules are defined as follows: 1 - Segment AB retraces within 38.2% and 50% of the XA segment (some less strict conditions only require a retracement within 38.2% and 61.8%). 2 - Segment BC retraces within 38.2% and 88.6% of the AB segment. 3 - Segment CD retraces within 161.8% and 261.8% of the segment BC. 4 - Segment AD is approximately equal to 88.6% of segment XA. For the pattern to be valid, the vertex given by point C must be confirmed. It is also interesting to note that the bat pattern can possess an internal AB = CD pattern. A reversal is more likely to occur within the "potential reversal zone" (PRZ). Traders can have different methods for identification however Fibonacci retracements are commonly used, with an extremity of the PRZ located at 88.6% of the internal retracement of XA and another at 161.8% of BC. Another method identifies the PRZ within 78.6% and 100% of the internal retracement of XA. Some traders wait for additional confirmation before entering a position such as the occurrence of internal reversal patterns, oscillator divergences, or for the price to evolve outside the PRZ such that it implies that a reversal is occurring. 3. Stop Loss & Take Profits Various techniques exist to set take profits and stop-loss levels during the formation of a bat pattern. Some traders place the stop loss at or a few ticks below X, which can lead to reduced risk but a higher risk of a premature trigger of the stop-loss. The usage of a very tight stop loss is mentioned by Scott M. Carney. A take profit can be set at point A. Additional Fibonacci retracements might be used for partial exits. 4.Practical Examples Bearish Bat pattern on USDJPY15, we apply Fibonacci retracements to the segment XA and use the levels 0.5, 0.382, 0.236 as partial take profits while level 0 exits the entirety of a position. Bullish Bat pattern under completion on ERGOUSDT 4h, the price breaks the level situated at point B is a good sign for a potential of reach of the PRZ. 5. Observations Oscillator divergences occurring when the price is within the PRZ can be an additional confirmation of a potential reversal occurring. We found no studies proving data that the bat harmonic pattern is superior to other harmonic patterns. One study by Krzysztof Bednarz highlights the profitability of the bat pattern in a trading period of 27 days (3). Bulkowski shares statistics on how often price turns at point D (4). For Bullish Bats, the price reverses at point D 91% of the time, for Bearish Bat patterns the price reverses at point D 86% of the time. Super spooky... References (1) Carney, S. M. (2010). Harmonic Trading, Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets. Pearson Education. (2) Bhattacharya, S., & Kumar, K. (2006). A computational exploration of the efficacy of Fibonacci Sequences in technical analysis and trading. Annals of Economics and Finance, 7(1), 185. (3) Bednarz, K. (2013). Taking investment decisions on the futures contracts market with the application of Bat harmonic pattern – the increased efficiency of investment. (4) Bulkowski, T. N. (2021). Encyclopedia of chart patterns. John Wiley & Sons.
BITSTAMP:BTCUSDEducation
by LuxAlgo
44