【Ultimate Guide to Harmonic Patterns】——Msn Community
Is the market hard to trade? Is the capital evaporating? Is the mindset exploding? Learn (harmonic trading) head-on!!! ------------------------------------ In technical analysis of financial markets, harmonic patterns are a price structure analysis method based on the Fibonacci sequence. These patterns help traders predict future price movements by identifying specific points and proportional relationships on market price charts. Harmonic patterns emphasize the periodicity and symmetry of market prices and provide relatively accurate buy and sell signals. This article will detail four common harmonic patterns: Butterfly Pattern, Bat Pattern, Crab Pattern, and Shark (Gartley) Pattern. Each pattern has its unique structure and Fibonacci retracement and extension ratios. We will focus on analyzing the key points (X, A, B, C, D) of each pattern and the related Fibonacci ratios, especially the values of AC, XD, XB, and BD. These values are key to identifying and confirming harmonic patterns, and understanding them can help traders better grasp market dynamics and make more informed trading decisions.
When performing technical analysis, trend lines are a common technical tool used to depict the direction of price movement and potential support and resistance levels. In an uptrend, prices will continue to make higher highs and lower lows; while in a downtrend, prices will continue to make lower highs and lower lows. When the trend line breaks out, the easiest way to use it is to trade at the trend line. For example, in a downward trend, the price-performance ratio of high positions must be greater than that of low positions. Since it is always suppressed by the downward trend line, the price-performance ratio is the highest when the downward trend line is the shortest, and a breakthrough is a stop loss. On the contrary, in an upward trend, the price is constantly supported by the upward trend line, so the price-performance ratio of going long at the trend line is the highest, and if it falls below the stop loss.
$BTC Another year of winter solstice, still no rain in the morning and evening~~ Yesterday's position has made you very happy~~ Next time~~ Are you still going to buy coins~~🎶
Happy winter solstice, my friends! This winter solstice gift is for those who boldly bought in last night. Congratulations to everyone for winning big!
--- Yesterday, I provided a judgment point for stopping the decline at 99000. As long as it hasn't recovered, we will look at the script of a second test of the bottom. Once it recovers, we will look bullish on the right side.
--- The downward trend line has already been broken. Theoretically, we can focus on going long, and we will observe a pullback to 95600. If this level holds, we will continue to look for a rebound!
--- If 95600 breaks down, we will follow the script of a second test, with a target position of 92700 for the second test.
$ETH Yesterday's original words: "I believe Ethereum has already reached a low, because I am generally bullish."
During the day, it bounced from the daily EMA with a maximum of over 400 dollars, so the subsequent focus is still on the daily EMA 144/169 moving averages. Pay attention to the second test situation; even if it breaks down, it is worth laying out a position, controlling the position well, focusing on spot trading.
In the third picture, not only did Bitcoin provide the key watershed at 99000, but Ethereum also provided the key watershed at 3530. This remains valid for the future.
To be honest, Ethereum is really quite cheap now. I think there is no problem starting to buy in batches from 30xx downwards.
$ETH The first question at the beginning: Are you panicking?
After a week of major market adjustment, even the gods would feel a bit of panic, but staying calm is what you should do.
--- Can you guess why today's main character has switched back to Ethereum? Recently, I specifically published an article in which my expectation was 'waiting for Bitcoin to emerge from the correction wave, which is likely the opportunity for Ethereum's big market to start.'
--- I believe Ethereum has basically reached its bottom, as shown in the second chart of the daily EMA. Since I am generally bullish, I think the EMA position is the most cost-effective for building positions.
--- Ethereum can delineate the range of 3050-2777 as a spot accumulation area.
--- To see a halt in the decline, we need to at least break through the descending trend line in the chart and reclaim 3530.
Currently, there have been multiple instances of panic selling volume, and it indeed allows for incremental accumulation. $BTC Bitcoin is also under pressure from the descending trend line & descending acceleration line, aiming to reclaim 99000 as a halting point.
Bitcoin is currently in a temporary limit down adjustment. Figure 1 shows the downward trend line. Before it breaks through, the short-term can only look at a rebound. There are two key points.
---One of the key points is very simple, that is, to break through the downward trend line, and then continue to look at the rebound. Second, the second test of 99,000 cannot be broken, and if it is broken, it will go to the big target of 94,700.
---From a structural point of view, I think it is more reasonable to recover 103,333 and then go up to formulate a right-side bullish plan.
---If any K-line of more than four hours closes below 94,700 in the future, the rise of Bitcoin may end and enter a wide range of adjustment. The good news is that this may be an opportunity for the start of the big market of Ethereum.
$ETH 3530 is worth bragging about.
Also pay attention to the second test. Once 3530 falls below, Ethereum will go to 3260/3020 to find the starting point, and the exchange rate may also release a wave.
In response to this guy's question, here's a unified reply: Has the decline stopped?
—— A standard stop decline structure: decline - automatic rebound - secondary test - breakthrough and automatic rebound high point. This is when I would consider the script for stopping the decline; isn't this exactly the definition of a W-bottom? (You can refer to the cited article for specific shapes)
Currently, the visible automatic rebound high point is around 101500. If we can't even get above this level, what can we say about stopping the decline?
Since the decline hasn't stopped, oh ho, isn't the left-side order placed at 99200 last night more worth taking profits on as it gets closer to 101500?
The pattern mentioned in this article is not a single K-line form, but an obvious shape composed of multiple K-lines. There are many common forms that we usually see, including the "M"-shaped top and "W"-shaped bottom that I often talk about. 1. W bottom The W bottom can also be called the bottom 2B form. In fact, when broken down, it is a decline - an automatic rebound - a second test. It can occur at any level, ranging from less than 1 minute to more than a week. All these structures are potential reversal patterns. The picture below is an example of a perfect W bottom (bottom 2B).
Tonight, the Federal Reserve will hold its last interest rate meeting of the year. Data is no longer important; the focus of the game has shifted to "next year's dot plot," which concerns the interest rate meetings for the coming year. Funds need to be protected!
--- In the short term, it also appears somewhat weak. At least currently, there has been no higher high from the rebound of the trend line in Chart 1, so we can only wait for a new direction.
--- Pay close attention to two phase support levels, 102500/99200. The former needs to wait for a test before entering, while the latter can be bought with light positions on the left side.
--- Tonight's suggestion is either not to trade or to watch the market with light positions!
$ETH It has finally strengthened a bit for a few days but has weakened again. Follow the approach of Bitcoin, with two phase support levels as well, 3770/3530, and the latter should be approached with light positions.
The medium to long-term layout positions are 3260/3030.
$BTC Every day when I wake up, the first thing is to discover that Bitcoin has reached a new high. The rise is gradually becoming boring; can we transfer the funds back to altcoins?
--- Figure 1, the current trend simplified is just a breakout - a pullback to the resistance level from five minutes ago - and then continue to rise. So for my outlook moving forward, I will refer to the script from the past few days. After breaking through 107800 with volume, we will see higher highs after a pullback.
--- A few days ago, I set the target at 107400, and indeed there has been some resistance. If we can break through here, the upper targets are 112400 / 115555 for a potential significant rise.
--- If there is a short-term pullback, the rebound positions can be at 105500/103400, with 103400 being the highest cost-performance ratio.
$ETH 4090 I have mentioned this point many times, only by standing above 4090 can we see the big target at 4380.
If the main part of your investment portfolio is in altcoins, you should be feeling pretty bad right now.
I am, but if it drops below my cost price, I will definitely increase my position! The strong market for Ethereum hasn't arrived yet, there is still plenty of room!
In the first picture, Bitcoin's price is still above the small trend line, so don't blindly short.
--- Focus for the day is around 102500, where there is a support and resistance exchange point and a trend line resonance position, making it possible to gamble on long positions.
--- After the ascending trend line is broken, formulate a pullback plan, with a big target of 99200.
--- The stage pressure is at 105900; breaking through it will lead to another new high.
For various trend line orders, I strongly recommend everyone to draw your own charts! $ETH Although it's been severely drained these days, I believe Ethereum's market is about to rise.
Short-term, a rebound plan can be formulated at the support of 3840, which is a stage support, with more important support at 3770-3750.
3530 is a buy point for left-side gambling, and buy at 3260/3020 despite the circumstances.
Just now, while chatting with my family, my dad, who has lost money in the stock market his whole life, suddenly announced that he wants to start investing in Bitcoin and Dogecoin. I was planning to help him install the Binance app.
Until I opened his phone and found a glaring 'Binance' icon. Then I clicked on the square, scrolled down the following column, and suddenly discovered a guy named 'Hanyu ss'...😵
$ETH The upgrade will take place from this month to the first quarter of 25.
Those who are optimistic about the upgrade hype can wait for a pullback to buy Ethereum, with a phased support of 3530. The position worth long-term layout is 3260/3020.
Combining the past K-line, the strengthening of Ethereum basically means that Bitcoin has weakened. After waiting for Bitcoin to start the pullback wave, it is likely that Ethereum will strengthen.
This weekend was busy organizing a gathering with friends and handling a family birthday, it almost drank me to death. Finally back to work, a new week is worth looking forward to!
Bitcoin has returned to six figures again, but this time it's relying on sucking the blood of the little brothers. Tomorrow, liquidity will return, and the direction after the liquidity returns is the true direction.
---101800 has been broken through on the four-hour chart, we can continue to expect it.
---Bulls need to pay close attention to the ascending trend line in Chart 1, with intraday prices around 101700. As long as the pharmaceutical trend line does not break, long positions can be held for a while longer. If the trend line breaks down, it will retest 99200, where a rebound can be made.
---The focus for bears is at 103500; after breaking through, don't look bearish anymore! The potential reversal zone above is 107400.
44797252716 can aim for 4020/4090 after breaking 3940, with 3770 below being a position to make a rebound.
The more important support level is at 3530. 89324108804
$BTC has arrived home, let me say a few simple words. Although I was scammed out of a cannon yesterday, I will still give the same opinion!
--- The weekend is tentatively set to oscillate around 101800-99200. If this range cannot be broken before the US stock market closes at six this morning, then it will basically confirm this trading range for the weekend.
--- I still plan to aim for a big target of 103500 if we break upwards, and the breakthrough needs to be confirmed over four hours. $ETH has formed a small-level converging triangle, and we can only execute new trend orders after waiting for a breakout in either direction. You can refer to the Bitcoin trend for trading.