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Shark

LUNCBUSD: Bearish Shark with RSI Weakness at 50% RetracementLUNC is currently trading between the 88.6% and 1.13% Range of the Pattern Completion Zone and is also at a 50% Retrace from High to Low. At the sametime the MACD and RSI are Bearishly Diverging but what i'm paying the most attention to here is the RSI Trendline that seems to be forming some kind of Bearish Dragon which if it breaks will most likely be the start of a Bearish Retrace to lower levels. I will have two targets here. The first target will be for LUNC to take back Half of the Harmonic and the Second target will be a 100% Recovery of the Harmonic. If we take back 50% i will take 50% off the trade and buy more LUNC with 50% of the profits and if it tak4es back 100% i will close off the remainign half of my shorts and use 50% of that to buy more LUNC.
LShort
by RizeSenpai
22
Bitcoin (BTC) formed bullish Shark for upto 19.50% moveHi friends, hope you are well and welcome to the new trade setup of Bitcoin (BTC) On a daily time frame, Bitcoin has formed a bullish Shark pattern. Buy between: $21153 to $20183 Sell between: $22104 to $24135 Stop loss: Below: $20183 Possible profit and loss ratio: As per the above targets, this trade has a profit possibility of 19.50%, and a loss possibility upto 5%. 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
BITSTAMP:BTCUSDLong
by moon333
Bearish breakout of the BTC bear flagA significant bearish breakdown of the parallel channel/bear flag has begun. The triple bearish divergence and decreasing volume is now playing out. As usual, we need patience to see what the follow through price action looks like. Will we see a backtest of the channel as resistance or do we break back into the channel and continue the short term uptrend? I think more likely than not, this is the beginning of the continuation of the larger bear market cycle for BTC and crypto as a whole. Remember too, there is the bullish shark pattern that needs to reach at least $10k to play out completely. No guarantee but it is certainly still in play. We will probably see significant resistance at the old December 2017 cycle top around $19,891 if we dip that far.
BITSTAMP:BTCUSD
by wuliwong
2
BTCUSD: Bearish Shark Update; Bullish 5-0A few days ago i posted a Bearish Shark with a a target between this trendline and the lower 21k area depending on if BTC would break through the trendline once it got here. However it would seem that BTC is holding up well at this trendline which is also the 50% Retrace of the Bearish Shark and it is now Double Bottoming in this Area on the 2 Hour Chart so i think it has become likely that this Bearish has evolved into a Bullish 5-0 that would Demand BTC atleast make another Local Higher High. My targets from here will eb betwene the ABCD PCZ at 26,562 as a Target 1 and 29,000 as a Target 2 and potentially higher macro targets if 29k breaks which can be seen in the Bullish Shark ideas below.
Long
by RizeSenpai