SLERF - High Time Frame Gartley LongThere is a good Gartley Long that has almost hit the 786. There has been a premature reaction 5% above the 786 signaling some interest down here. Thank you
Scottcarney
$BCH Looking To OUTPERFORM It's Peers- Bulls? WYA?+Just a update on BCH, We did have a nice move up and attempted to brute force that KEY area, but the Bears weren't having it and we took a shot down... Although, BCH is about to VALIDATE that last low and really start to dig its feet in and start pushing possibly. Both Indicators are showing at Hidden Bullish Divergence at the pattern completion zone @ the 886, This is textbook and from strictly technical analysis, this following the same parameters in recent history before a next leg up... Pushing past that Supply Line will let this thing RIP
$DOT/Broadening Wedge In the Money Zone (PENDING)$DOT has formed a nice broadening wedge at the 886 range from the last swing high to swing row and is now trying to establish/validate a new local higher low above $6.76 at the $7 range. The MACD and RSI has printed hidden bullish divergence on both oscillator's indicating that momentum is started to build back up to possibly break through the top of the wedge and have a nice run...
We were due for a pullback after the last few weeks being manly green candles.. Overall, this is healthy price action and I don't think anyone should be panicking, as this is just traditional price action after a good few weeks for crypto...We also got some good news from the ETH merge.
Cheers
**DISCLAIMER, THIS IS NOT AN ACTIVE TRADE ATM, I AM JUST FOLLOWING THE STANDARDS OF TRADITIONAL TECHNICAL ANALYSIS. ANYTHING CAN HAPPEN**
DOT.... JUICE!Dot, looking extremely good here. Followed through price action when she smashed through that demand line and is now looking to claim a new crucial support. DOT is one of the best looking charts atm pertaining to crypto. Scott Carney's mouth would be watering looking at this... REPSECT THE TA
LUNA - Harmonic BatTrying to ignore the Bearish Gartley and stick with the Bullish Bat pattern...
Anything below these levels will be a whole different ball game... Crypto's have the best RR for long positions since late July.
"The Bat pattern is a precise harmonic pattern that I discovered in 2001. The Bat pattern is probably the most accurate pattern in the entire Harmonic Trading arsenal."
-- Scott Carney
APE - Harmonic ButterflyMy favorite Harmonic pattern, Butterfly ...
The Butterfly Pattern®, The general extension structure of the Butterfly Pattern® was discovered by Bryce Gilmore. However, the exact alignment of ratios was defined in Scott Carney’s 1998 book, “The Harmonic Trader.”
This has become the industry standard for the structure. Scott’s ideal Butterfly Pattern® requires specific Fibonacci ratios to validate the structure.
These measurements include a mandatory 0.786 retracement of the XA leg at the B point, which defines a more precise Potential Reversal Zone (PRZ) and more significant trading opportunities. Also, the Butterfly pattern® must include an AB=CD pattern™ to be a valid signal.
Frequently, the AB=CD Pattern™ will possess an extended CD leg that is 1.27 or 1.618 of the AB leg. Although this is an important requirement for a valid trade signal, the most critical number in the pattern is the 1.27 XA leg. The XA calculation is usually complemented by an extreme (2.00, 2.24, 2.618) B-C projection.
These numbers create a specific Potential Reversal Zone (PRZ) that can yield powerful reversals, especially when the pattern is in all time (new highs/new lows) price levels.
BTC PlundgeFormation of a bullish Bat Pattern on monthly TF Buy limits at completion of pattern or enter a sell on pull back @ 50975.36 and hold with stops @ 53600
For all those in Buy for Bitcoin it will plunge to 10000 usd or even negative.
AUDUSD Potential SellAUDUSD: A beautiful Bearish Bat with a 0.886 extension from XA. Type-I & Type-II with HSI from Harmonic Pattern completion (Pulled from MT5 chart). Type-II will give us more time to establish harmonic reversal. I am waiting for the new Daily candle to open and price to close below support at 0.75171 before opening a bearish position
CADJPY Possible SellCADJPY: M30 Bearish Bat Type-I & Type-II possible reversal from Harmonic Pattern completion. Type-II will give us more time to establish harmonic reversal. Would like to see engulfing candle below 92.189 (TP1) before opening a position.
GBPJPY: Update #6GBPJPY update to #5 price broke recent support at 156.736 with a retest to keep moving bearish.
AUDCAD: Update potential sellAUDCAD update from recent post on the H1 Deep Crab that formed 2d ago. Price is moving below Support at 0.92437 and we should be looking for bearish position.
XAUUSD Potential SellXAUUSD H1 Bearish Gartley Type-I. Would like to see price close below 1791.18 before opening position for a sell.
GBPJPY Update #4GBPJPY Update #4 - The H1 Bearish Deep Crab Type-II reversal on the HOP is also a beautiful Weekly Butterfly. If you didn’t enter on the recent H1 Bearish Deep Crab @harmonicpattern you would want to wait for price to close below 154.435 before entering a bearish entry
AUDCAD Potential SellAUDCAD H1 Deep Crab Pattern formed. Price will need to close below 0.92437 before entering.
USDCAD H1 Butterfly PatternUSDCAD H1 Butterfly Pattern had a nice bullish engulfing candle breaking above resistance at 1.23169. Wasn't able to catch this entry today.
AUDUSD: UpdateAUDUSD has respected resent support at 0.74059 and is on its way to Target 1 (TP1) at 0.73389
XAUUSD: Update #4XAUUSD has broken Target 2 (TP2) at 1766.68O and on its way to Target 3 (TP3) at 1746.18
Bullish Shark BTC Incoming 15minIt seems coming up on the bitcoin 15min is a nice bullish shark pattern setting up. The bullish shark pattern is based off the .886 minimum fib with at least a 1.618 extension of the BC leg. The resulting formation is called a potential reversal zone. Green box. It is best to wait and see if the price first gets to the green box, where the bullish shark completes, then see if price exits the zone nicely before going into the trade. If so possible price targets are the normal 38.2% and 61.8% of the AD leg. Woo.
COMP confirmation low at pattern completion zone of a sharkBINANCE:COMPUSDT just made a confirmation low at the PCZ of a bullish shark. Very nice low risk entry for a long with much higher upside after the falling wedge breaks. Good luck traders!
Bullish shark + falling wedge with bullish divergence!Mycronic looks like its going for the full reset. Its painting a beautiful bullish shark at an inflection point. There is also some nice bullish divergence coming in on the MACD. One could open a position right now or wait a little longer for the full .886 retrace and possibly a confirmation low. One could also open a position right now and size up as it moves down. Good luck traders!
LTCUSD (Litecoin/ USD) here we have LiteCoin the 4th most popular coin on coinbase (COIN). this is showing a regression in price. cryptos are acting like stocks at the moment and just going up with no rest. I am not a big crypto person, as I have similar views as the SEC does and think they are an asset instead of a currency and some of the coins offer an interest rate for holding them which i think is a "stake of proof" setup. either way here we have a bearish butterfly pattern that just completed and the AMP RSI is in a very minor divergence. so i would expect to see some drop in price and if you wanted to enter after the pattern is complete then buy at the 618 of this pattern as this will be the bargain price. i know lots of inexperienced traders just hop into an asset without regard to price but if the asset is up 20% would you rather be up 18-19% with it or 10%? i hope this finds some traders well.
GBPUSD The Cable here on the cable we have a bearish Gartley Pattern. We currently have price kissing the 786 at the moment. what were looking for si some consolidation some confirmation on the oscillators and another good move down. This will be my second entry on the cable as i am currently short off a daily pattern. for the past two weeks we have seen the cable retrace up after the strong move down. I will be looking for an entry on the 1h. Sorry for not going into it any deeper i am behind on some school work and I am also getting back into the 4H time frame trading gonna slowly get down to the 1H again. I am also in the process in making a few courses as well that covers harmonic trading along with a myriad of other topics. When the courses go live i will upgrade my TradingView package to Premium and advertise them on my TradingView.
EUR/ USD (Euro Dollar) Here on the most traded and watched pair in the world the Euro/ Dollar. I am currently looking to go long on a minor retrace on this pair from this bullish bat pattern. We need the pattern to complete by touching the yellow line. We will also need to have some other confirmation signals out there on the oscillators too. Sorry for not going into it any deeper I am behind on some school work and I am also getting back into the 4H time frame trading gonna slowly get down to the 1H again. I am also in the process in making a few courses as well that covers harmonic trading along with a myriad of other topics. When the courses go live I will upgrade my TradingView package to Premium and advertise them on my TradingView.
