【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.
$USDT market share has indeed shown a reversal structure of Dow 123.
It is uncertain whether this structure will be effective when applied to the USDT indicator, so it will not serve as a directional plan. I will continue to follow up and just post this to verify it~
The market share of USDT is negatively correlated with $BTC 's trend.
I've been feeling very down these days, my head is heavy every day and I don't know why. Could it be spring fatigue? 🤔
I should be away from the computer for a few days next week. I woke up today with a sore neck and headache, things are getting increasingly strange, don't mess with me...
I can't sit still tonight, $ETH won't be updated, I'm going out for a massage and some late-night snacks~~
Yesterday's view, if it breaks below 2100-2115, it really has to accelerate, right?
1/ The current price around 2070 is a small support-resistance exchange level on the left side, but it is really small. Mainly because Bitcoin is hanging at the support level, which is why it hasn't broken.
2/ So for the rebound at 2070, I plan to continue shorting. Focus on the pressure at 2115.
3/ The only positions I am willing to go long are at 1920/1820-1840.
Yesterday's AI opinion, fluctuating between 72500-69300.
--- The current price has reached the lower boundary of the range. This position is suitable for a short-term long bet. Even if you don't go long, don't randomly short it.
--- If it breaks below 68900, it will confirm weakness, and we need to look for support again. The levels of 67500/65800 are waiting for opportunities below. The latter is important.
$BTC Today my AI sent me some good insights, bringing them out~
First, I currently maintain a high-altitude perspective, it's just a matter of where to act.
--- AI believes that we are in a volatile market, short-term 72600-69300. The resistance level 72600 is the Fibonacci 61.8% rebound position, worth noting.
--- Breaking below 69300 indicates weakness.
--- The large-scale RSI is basically extremely neutral, so if we can oscillate, there is no need to trend.
Recently, the market has been hard to understand, and it seems we should pay more attention to precious metals & commodities. (Consider it as the market share of USDT)
Known: Crude oil and $BTC are negatively correlated. So: When crude oil falls, BTC rises.
The pressure level is obvious as soon as it is drawn 0.0
Seeing the wailing on Twitter made me feel relieved, it turns out I'm not the only one confused...
--- The empty order that broke below 69100 has been stopped out.
--- The starting point for the evening rise is 67500, where no obvious support is seen....
--- The point where the pullback structure is broken, I believe can be placed between 71000-71900. Currently, the price is below this point, still relatively weak! Here I think a pullback plan can be made.
--- The upward trend line has been broken, and the horizontal support level of 69000 has also been breached. In this situation, I believe there are no bullish opportunities.
--- Minor resistance at 69333, used to assess the strength of this pullback. If the price recovers, then a bearish outlook is temporarily not possible.
--- Support at 65900, pay more attention here. This is the point where the bullish structure on the hourly and higher levels is damaged.