At the moment we have a butterfly pattern completed at point 'D' with a 1.272% extension from A-B-A.
I'm waiting for a potential entry on the 4hrly or a sign that the pattern will hold. There is currently potential for a double top at structure or more conservatively for a 2618.
Targets are A-D retracement at 38.2% and 61.8%
Stops 1.618% extension A-B-A and...
On this chart which is a bit of a mess i identified a butterfly pattern and with then Fib levels that are circled, there was support at this level on the red support box that goes backwards to sit in additional price that has respected this level there is also bullish divergence on the RSI indicator signaling that this market is about the reverse to the upside,...
It appears that Bitcoin is being used to hedge vs the US Dollar crashing.
$84,000 is certain in sight and who knows it could get to $100,000 sooner than anyone might of thought
I still think that BTC is too volatile for my liking and therefore I've stayed out. I've been happy to avoid FOMO.
I think that many will profit from a possible further charge north. But...
Pair has been in a downtrend since March 2020 and here is another opportunity forming to sell this pair for 160 pip potential profit. Price is now approaching previous structure level, which also happens to be at 1.76 even number and daily moving average. Another interesting fact is that price has formed a bearish butterfly pattern over the last few days of...
I am a learner. So I would recommend to double check my ideas.
Also, request experts to review my idea and suggest.
I can able to see a butterfly in 4H chart.
and RSI shows divergence 0.9073 and 0.9100. So I expect a SELL..
Caught sight of what could possibly be a butterfly harmonic price pattern. Price appears to be on final leg to complete pattern; would take a while to complete though. Worth the wait? Try to draw out pattern to confirm for personal confirmation. Best Wishes!!!