Shark
Possible ScenarioPrice is just below the .236 fib level of the trend up since the Covid low.
Price is above a Symmetrical Triangle that can provide support.
Possible M pattern noted that could take this lower. I am not positive the 3rd leg is complete. If this is an M pattern, then it could be a Shark.
The .786 is there in case this is a Cypher but Cyphers are less common than Sharks.
The Shark completes the 4th leg at the .886 and in some cases, the 1.113.
Watching to assure 3rd leg is complete.
No recommendation.
Targets 2 are smaller than T1. T2 are targets if T1 is passed.
Bearish Harami candle pattern at this moment that can change by close.
Level for buying BTCLevel for consideration for traders who are looking for buying opportunity on BTC. The next optimal level I'm looking at is at $20706.50 base of the Bullish Shark Patterns.
Even for investment or purely buying the coins and store it on wallet, investors/ traders can wait for candlestick pattern confirmation before the actual purchased.
One should not take this as investment advice, but it is my view on the next best price to get involved better than the regular Dollar Cost Averaging(DCA).
Focus on where the Arrows are and earn 187pipsFocus on these 2 arrows, and it might bring you the opportunity to capture the 187pips of potential profits. A Type2 Bullish Shark Pattern(Grey) is what happens.
If the Shark Patterns got violated, I will be waiting for the Deep Bullish Gartley Pattern to engage for a buying opportunity.
The easiest 100pips profits to captureAs early as 8 Feb 23, I've been shouting LONG the Shark, LONG the Shark(at this to my community). The trading analysis report was written on TradingView.
The Bullish Shark Pattern has been bouncing off the Bearish 5-0 patterns, and this combo, it produces more than 100pips of profit potential.
It has bounced up and down 5 times; that's not too bad. 5x100pips = 500pips.
I'm excited to wait for the next confirmation to get involved in this trade.
Filecoin (FIL) coin formed bullish Shark for upto 11.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Filecoin (FIL) coin with US Dollar pair.
Previously we caught a nice trade of FIL as below:
Now on a 4-hr time frame, FIL has formed a bullish Shark move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Fetch.ai (FET) formed bullish Shark for upto 46.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Fetch.ai (FET) with US Dollar pair.
Previously we caught more than 46% pump as below:
Now on a 4-hr time frame, FET has formed a bullish Shark move for another price reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Someone asked me my view on GoldI was waiting for time to visit my hairdresser while seeing a message left by my follower on my thoughts of Gold.
I must highlight this is not any investment or trading advice, but my opinion on the next best price to look at for a buying opportunity, should I choose to long XAUUSD.
I'm waiting to long XAUUSD at $1840.29 when the market stabilises and respects the Point D of this Bullish Shark Trading Pattern.
One of the way is to wait for the 3-bar reversal as a confirmation signal.
Monero coin (XMR) formed bullish Shark for upto 32.50 moveHi dear friends, hope you are well and welcome to the new trade setup of Monero coin (XMR) with BTC pair.
Our last successful trade of XMR was as below:
Now on a weekly time frame, XMR has formed a bullish Shark move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
USDCAD - Bearish Shark Pattern retestA Bearish Shark Pattern checkback could allow counter-trend traders to swoop in for a trade.
One thing that you need to take note off, 2 news events are coming up soon.
8Feb
1.30am - CAD - BOC Gov Macklem Speaks
1.40am - USD - US Fed Chair Powell Speaks
An Idea move is to shift stops to entry between 1am-1.15am(SGT)
Conflicting trading ideasOn both Daily Chart and 4-Hourly chart, there is a Bullish confirmation from the Daily Chart Bullish Crab Pattern's with Wedge and RSI Divergence setup and 4-Hourly chart a potential Bullish Flag Pattern.
Personally I'm waiting for a counter-trend trading opportunity on the Bearish Shark Pattern 🦈 traded off at 97.95.
What's your trade plan for this pair?
Very interesting setup on USDCADThis is a very unique situation, where both Weekly and Daily Chart's Point X points to the same potential Bullish Deep Gartley Pattern at X and the 4-Hourly and 1-hourly chart had the same Point X for the Bearish Shark Pattern setup. I'm waiting to engage the Shark Pattern 🦈 and the potential completion point is at 1.3447. Candlestick Pattern confirmation is required.
When it happens, I will be using trading management to "upsize" the trade.
Utility Software (U) More than just a Bench PlayerInteresting Harmonic setup(s) for Utility Software (U)
One Harmonic pattern is in progress (Bearish Shark) and one that is trying for the final leg of either a Bearish Bat or a Bearish Gartley pattern.
We will watch this for the moment and see if the Bearish Shark hits the $30-32 area.
Then we will reevaluate and if U resumes its upward trajectory to the $54 for the final D leg of the Bearish Bat/Gartley Harmonic Pattern.
A solid breach of the XB trendline should be the key to the final leg on this 4 hour chart.
Stay tuned !
Not Investment advice ... do your own due diligence.
S.
Note... Lots of potential movement tomorrow (Feb. 1) with a potential Fed rate increase ... be nimble and respect overall market trends.
Free 21pips to grabIf you have been following me, you would know this is not the kind of Trade I'll be sharing. But there you go. Shorting on the Red Line and Turning your shorts to long once it has a pattern confirmation on the blue like is where you get to long the same pair.
It's kind like free money, until it doesn't work.
If I have to pick a side, I will focus in looking for a Shorting opportunity, and that's because a Bearish Shark Pattern 🦈 has formed up.
EURUSD-Weekly Market Analysis-Feb23,Wk1EURUSD is on a Bullish Trend 🐮. On the Daily Trend EURUSD hit a resistance at 1.0878 as the market respect the Bearish Crab Pattern's HOP Level. If you are looking for Trend Trading Opportunity (looking to buy), I'll be looking to long at 1.0817 because the potential Bullish Shark Pattern converge with the Bullish Crab Pattern, this will attract 2 groups of buyer to engage the trade.
SPX500SPX long term chart update from August 2022, found support right at the targeted zone at 3535 with a slight deviation below, gave a heavy bounce to the current levels with 4086 current resistance. Could be topping out here. If it can break out it can go to 4300, this week is critical reaction time.