Butterfly setting up nicely... C is formed and price is heading up to D at 1.272 ext. this will also be D of a larger Gartley pattern also bearish. Target is weekly pivot to the down side. As this is a leveraged trade, ensure you have a stop!
OK Gartley pattern setting up very nicely. D at 78.6 is the next logical place for price to go following this little bounce, when it gets there it will find weekly S3, missed Monthly Central Pivot from January (important that price takes this out before heading higher) and it will also have taken out missed weekly from 5 weeks ago. Once that happens the upside...
Completion of bullish butterfly at 1.272 ext which also happens to be weekly S3
BTG bounced off X of Butterfly pattern, which may signify a double bottom. If not and if price breaks X then it will likely go to 1.272 ext at $76.
Two butterfly patterns, one smaller (green) inside the larger (pink) completed already. Bounced off 1.272 larger and 1.618 smaller pattern. So now the question becomes where to get in. I would wait for a .786 retracement ($154) and then go long.
the pattern completed last week at 1.272 ext. prices is currently sitting on the 78.6 retracement of the bounce off 1.272ext. really good place to get long with stop under D from last weeks butterfly. small risk BIG UPside.
ADA is currently at C 38.2 and making a double top. If it goes down towards missed Monthly Central Pivot (M.C.P.) then it makes sense for it to keep going to complete the Butterfly at either 1.272 or 1.618 ext. Once it does I will post profit targets.
Gartley setting up on EMC2 ABC complete now price heading down to D at 78.6. I will get long with stop under X and profit target of monthly central pivot above. 9:1 R:R
Ok so we have 2 Fib extensions at same level (D of butterfly) which is bullish and nice to see. A 3rd thing which i haven't show on chart (as its getting a little messy) is D will also be completion of a three drives pattern. Will update further as price completes pattern.
for all the worried ZEC people out there (myself included) I spotted some good news on the daily chart. Price has come down to form a really sweet looking BAT. Price bounced a little off D, weekly S2 is at the same level. Lets see if the BAT can make ZEC fly... fingers crossed
Price bounced nicely off D, 1st target it 38.2. I would probably wait for price to give a higher low before getting long. Once price gets there I would move stop to breakeven, reason for this is if pattern does not "work" in the sense that price does not take out A. Then price could go down to 1.272 ext to form a Butterfly.
BTC is at a very important point. Currently it sits on 38.2 which is also this weeks central pivot, this could very well be C and if so then the next logical place for price to go it D at 1.272 (1st arrow) or 1.618 (2nd arrow). Should price get down then the pattern could go to 1, 2 or 3 price targets. If you are feeling adventures you could short from C down...
Price is at 88.6 of a really big bat pattern. If you zoom in weekly S2 is right below price so you could get long with a stop under there. Target is January missed Central Pivot which is a very juicy target.
OK Price retesting 78.6 (D of Gartley) and a nice little bounce off that level. Price target is previous B C leg and you can put stop under S1 weekly. Really good looking trade. Will update profit targets as things progress.
Neo has set up a nice looking Bat pattern an is currently retesting the 78.6 level. Assuming this holds the first target is the missed weekly central pivot above. In fact similar patterns are setting up all over crypto. So they will either all work and we make a bunch of money or they will not in which case set your stop below X.
ok previous pattern played out and created B at 61.8, price is coming down. Assuming it stops before A we will have a C and can get long to 78.6.
Nice looking Gartley setting up on Steem, lets see if it gets to 78.6. Missed monthly central pivot is below and is within range of 1:1 AB (1st blue line) CD (2nd blue line) to the down side should the pattern complete.
OK a small Gartley within a larger pattern. Entry at 78.6 (3946) stop below X with really big upside potential assuming the bigger pattern plays out.