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【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!!!
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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.

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[Drawing and using trend lines]—MSN Community

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.

It's 10/11 again.

The funding rate for $ETH has been pushed to -0.01%!

The last time this funding rate appeared on the daily chart was when it first dropped to 1500 this year. 0.0

$ETH The decline is forceful, while the rebound is weak.

So incredibly weak. Bad memories are coming back to haunt me 0.0

1/ I’ll start buying Ethereum spot again at 2360. Can’t let down the big brother who’s been dumping the market.

2/ The area around 2550±20 is a support/resistance flip zone. As long as the price is below it, there’s no chance of a reversal.

3/ The price has re-entered the range of the consolidation zone on the left. We’ll have to wait for a clear structure to emerge before there are any short-term opportunities.

$BTC A rebound is good news.

As noted yesterday, a break below 81900 would allow us to plan a right-side short, targeting 80200. That scenario has played out.

--Shorting at higher levels remains an option. 84300 is a clear resistance level and also the 61.8% Fibonacci retracement level, making it a suitable place to try a short.

---The rebound started at 80300, so this is the only level to consider for subsequent dip-buying. No support reaction has appeared at other levels so far.

----The daily chart has not clearly broken below 81900, so we’re still keeping an eye on this level.

Big brother came back to pick me up to get in the car🥹

btw, I can’t believe the 2790 actually honored it at 0.0

$ETH

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$ETH Please, stop breaking through.

2530 has been densely tested for almost 10 times, and I'm seeing this kind of magical pressure level for the first time—0.0

1/ If 2530 breaks through, then there are targets at 2630/2790. Need confirmation on the 4-hour or higher timeframe.

2/ I don't want it to break through because I still haven't fully loaded my position.

Damn it

It has been 365+1 days since the end of the last bull market and the appearance of the final K...

Looking at the past three bull-bear cycles, bear markets typically end within 365±30 days.

Where do you think we are in the cycle right now?

$BTC

牛市初期📈

52%

熊市后期📉

34%

去他大坝的周期理论！

14%

216 votes • Voting closed

$BTC Trendline suppression.

A small timeframe downtrend line has been formed. Due to suppression by the trendline, even if a very important level has been reached, it still cannot be regarded as the end of a pullback.

--81900 can be viewed as a daily-candle level bull-bear boundary line. Although price has touched it and bounced back, the bearish trend with synchronized lower highs and lower lows has not changed. Therefore, low-long positions still need to wait!

---Recover the downtrend line and 82800, then formulate an upward plan. I think this is the only opportunity to go long.

----If 81900 is broken, you can start a right-side short plan, with the first target at 80200.

$BTC Ethereum weakened before Bitcoin did. Will Bitcoin follow the same script?

--- The short position opened at 85,200 has reached the lower edge of the range. I recommend taking profit on most of it.

--- Since my personal view is that Bitcoin will be weaker than Ethereum from here, I’ll take a more cautious approach to entering. I’ll wait for a false break below 82,800 to be reclaimed, then make a plan to go long at lower levels (we can revisit this if a double bottom in the same area or a W-bottom structure forms later).

--- Rebound targets: 84,300 / 85,100. A reversal setup won’t emerge unless the former is broken.

The 4-hour EMA 144/169 confluence with 82,800 makes me really reluctant to be bearish here before it breaks down—but the market is genuinely weak 🤮. It feels like there’s no optimal solution. I don’t know what to write anymore...

Honestly, I didn’t expect this trade to come through so quickly. Magical Wednesday indeed 0.0

I’ve reduced my position a bit on this trade. Although we’ve seen a sharp wick and rebound, it can’t be taken as a signal that the decline has bottomed out.

The good news is that 2570, which I’d been waiting on for quite a while, has finally arrived, and the exchange rate is now at the lower boundary support of the range. I think it’s reasonable to take a chance here on a rebound that outperforms Bitcoin.

A safer opportunity probably won’t show up until tomorrow or the day after—for example, if a W bottom or a consolidation zone forms.

A break below 2530 would mean things have turned decisively weaker, so keep a close eye on it.

$ETH

There are a lot of short liquidations above 87,200.

So I think we can refine last night's plan to short at 87,200.

Still, I'll open a small initial short at 87,200 and wait for a wick or a breakout. Once price makes a false breakout above resistance and falls back into the consolidation range, adding to the short will be more tempting~

$BTC

$BTC Will it break through?

The consolidation phase has been going on for half a month without us even noticing. The range isn’t very wide, and I don’t think this sideways movement will last much longer. It’s just a gas station, not a rest stop!

--After taking the first profit on last week’s short position opened at 87,200, I haven’t paid any attention to it since. Since the market is moving sideways, I think there’s still an opportunity to trade.

---If 87,200 is broken to the upside, the targets are 90,500 and 94,444. Those are the plans for the right-hand side of the chart.

----Pay attention to the rising trendline in the chart. If it breaks below, there should be an opportunity to short on the right-hand side, as it has gradually moved closer to the 85,200 support/resistance boundary.

It feels like talking about market trends is not as good as talking about the $ETH exchange rate.

The overall Ethereum exchange rate is in a wide-ranging consolidation between 0.03333 and 0.0307. The current price is already approaching the nearby support around 0.0314.

Due to suppression by the red downward trendline, Ethereum’s recent rebounds have been relatively weak, while pullbacks have been stronger. But there may be a reversal next week.

---I’m not personally betting on a break of the support at 0.0314 for the next move; I’m assuming that support has already been established. Going long next week, Ethereum is the preferred choice; going short, the $BTC profit potential will be larger (excluding when broken except 0.0).

---And Ethereum itself is basically following a range-trading script between 2640 and 2790. When the price is close to the lower boundary, it’s also a good spot to consider going long on dips. Bitcoin is still quite far from reaching the entry zone.

2000-yuan space has already run out. You can take the first profit now.

$BTC

$CL Oil prices are always consolidating around 89–96.

If you don’t think there’s downside room, then you’ll still have to break below 89 before there’s any downside room 0.0

And only when oil prices fall will the market get better.

CL+0.70%

$BTC researched non-farm for half an hour and found I can’t understand it at all 0.0

87200 short positions have been opened at the top of the book; patiently wait for consolidation—then choose the direction to exit.

--The overall structure is basically clear; the consolidation range is 87300-82800.

---If 87300 breaks through, I think it will most likely go into the 9's, so don’t put too large a position on shorts.

Happy National Day~

This market trend is really hard to understand. Taking a lazy day, 0.0

$BTC

Authentic Monkey City

$ETH

$BTC abstract market action。

The fake breakdown is over, and then comes the fake breakout—now even consolidating do you cba to do it?

-- Prefer going short at 87200.

--- For this pullback, as long as it breaks below 84300, it’s regarded as a weakening signal. For a low buy, go to 82800 and wait.

---- But the spot I want to go long is still at 81900/80200; I’m not considering other areas for now.

$ETH remains the strongest, forever, ever stronger.

2720 marks the first recovery since a week ago, and Ethereum has shown a trend of raising highs and lows. I think an upward move can be expected.

1/ Strong resistance at 2790—this is also the rebound target for this phase. Support a short order here to try.

2/ Use 2700 as the level to judge whether this rebound has ended. Since the price is above this point, I believe we can continue to look for bullish movement.

3/ 2740 is the 61.8% Fibonacci rebound level. The current pullback is quite normal. Just keep an eye on the rebound ending point.