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Shark

Shark Pattern at BTC DailyBTC Daily has formed a Shark Pattern. The 0.886 retracement of XA and the 2.236 extension of BC have created a cluster zone between 44000 and 43745. However, we have now unfortunately already bounced through the zone. Had the price stopped here and formed a very bullish candle, then we would have had a long signal. Presumably, however, the correction of XA is now completed, should a bullish signal arise, the direction of XA would have to be resumed, at least for 66.8%.
by thebadaboombadabang
ONEE | Bearish Anti Shark Harmonic | Bull Trap | Entry@Pullback?ONEE | Thailand SET Index | Media Sector | Price Action & Chart Pattern Trading Chart Pattern: Anti Shark Bearish Harmonic Price Action: Short Entry @ Breakout avoid Bull Trap and could be entry @ pullback position for speculative buy Indicator: > RSI down dead cross MA line still on high bullish side above 50. > MACD remains upside above baseline 0 Stop-loss @ Shark’s tail position - target at shark’s head until further new pattern changes Trade with affordable risk ratio 3:1 Always respect your stoploss Good Luck DP
SET:ONEE
by dukeposh
1
Bitcoin re-entered potential reversal zone of harmonic patternHi friends, hope you are well and welcome to the new trade setup of Bitcoin ( BTC ). In reference to the below idea: On a weekly time frame, this time BTC has again entered the potential reversal zone of the same bullish Shark pattern and there is also very strong support at $41330, The Stochastic has entered the oversold zone, therefore the price may start a reversal move from above this level. However, as per the Fibonacci sequence, the buying and sell targets can be as below: Buy between: $42701 to $36005 Sell between: $48609 to $61939 Stop loss: The maximum extent of the buying zone $36005 can be used as stop loss. Possible profit and loss ratio: As per the above targets, this trade has a profit possibility of up to 72%, and the loss possibility is 16%. 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
1