Time to reverse the gears on BTC, the Bears have come!This is not a single impulse downside that i expect, but since harmonics dont give impulse waves, i wont comment on that, but i expect a reversal at 0.618DC which is the take profit zone for the cypher n a support... on the shorter term, i expect a small support to form at 8450 around, which is the 0.382DC of the cypher (not marked in the diagram..)...
This is a longer term projection idea, in conjunction with the following previous ones in the longer terms...
Disclaimer.. Not an investing/trading recommendation....
not a time dependent analysis
Cypher
Humpty Dumpty About to fall- A modest compounder in makingNSE:SBIN BSE:SBIN
The Reverse symmetrical triangle about the break after no support from weekly S1 level
The next support as mentioned in the weekly also corresponds to be between 0.786 and 0.886 of the Fibonacci series ABC, also corresponds to be near the 618 or outer ML of the pitchfork..
Following the price magnet principle, the action is expected to go back to the median line of the pitchforkwhen the fibo level of 0.618 is expected to give resistance....
Also there is a Bullish Cypher in formation formation, with complements the theory..
Disclaimer.. Not invested but interested to bottom fish..
This is not a time dependent analysis
This is not an investing/trading recommendation
MCX india -a future multibaggerNSE:MCX BSE:MCX
This analysis is not time dependent
1.A bullish cypher in formation of the CD downleg
2.The fibo wedge arc 1.618 also points to limitation of the downtrend
3.The downtrend is expected to halt that the weekly support S2
4. the bullish cypher is expected to push the prices up and the initial targets are mentioned according to 0.618DC of the cypher amd weekly R1
5.the median line of the Andrew pitchfork is expected to provide support on the down trend according to price magnet theory
Disclaimer...Not invested, interested and tracking fundamentals...This is not an investing/trading recommendation...
MAX FINANCIAL- dark cloud with silver lining..THIS IS NOT A TIME DEPENDANT ANALYSIS..
1.Forming bullish Cypher
2.Present support at weeklyS2
3.MA cross 50/200 olhc4 bearish
4. 4year yellow trendline broken
5.Reversal is expected to occur at the PRZ of the bullish cypher as marked
6. the reversal tragets are 0.382DC an 0.618DC of the bullish cypher
Disclaimer... this is not an investing/trading advice, do your own analysis before decision making...
A Final Pump before the Bears KnockBITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD 1.Bigger bearish cypher in formation
2.Smaller bearish butterfly/deepcrab in formation
3.Bullish reverse divergence in RSI
4.the current 382 green line in pitchfork will yield to the next blue line which has been a resistance before also on 12th march..
4. Ichimoku kumo cloud 4hrs, resistance band upper limit is the same region ....
Disclaimer... not an investing/trading advice...
SOUTH INDIAN BANK FINALANDREW PITCHFORK+BULLISH REVERSE DIVERGENCE+BEAR CRAB+BULL CYPHER IN FORMATION
1.Andrew pitchfork- reflection from the median line and heading back to the outer red line
2.A bearish Crab leading to the formation of a bullish cypher which is to be completed when the price touches the outer median line of the pitcfork. The cypher also completes at the 0.618AX of the bar crab and is presently being supported by the 0.382AX of the bear crab ..
3.the cypher will launch the bull trend whose resistance level is 0.618DC which matches the green 382 line of the pitchfork , thus it can be said it is a true resistance the price would feel on the upmove..
4.Further upmove is expected as the median line acts as a price magnet , and the point of touch of the median line is expected to be the 1,618XA o the bear crab we just had formed...
DISCAILMER... this is not an investing/trading advice..
BTC bulls have enough power to push the Walls? BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD
First attempt to use a andrew pitchfork+harmonics..!
1.106hr kumo cloud resistance
2.Bearish cypher
3.The median line of the pitch fork is acting as a pivot and the immediate support resistance in the fork is the 382 green lines and outer 618blue lines..
Does the bulls have enough power to penetrate that??!
I dont think so..
This is not a trading /investing advice
Feed on the bubble before it bursts again...!1.Bearish cypher in formation
2.Pitchfork taken with respective points as mentioned..
3. the revised long take profit is when the median line meets the resistance trendline
4.the long take profit level in point3 matches the PRZ limit for the bear cypher...
5.the reversal take profit is 0.382 and 0.618CD of the cypher..
Disclaimer.. not an investing/trading advice...
The last hope for the bulls in BTCBITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD
A very similar idea as the last one, but this is just taking the 1.41 limit for cypher previous one was 1.27
Changes the Prz a lil bit..
But the idea remains the same..
Disclaimer.. No active trading/ This is not an investing / trading advice..
All the best bulls, but bears, ready for a mass destruction?
A Quick Cypher ScalpBITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD
1.Low / decreasing volume uptrend
2.Forming bullish cypher with CD downleg incomplete
3.7hrs kumo cloud resistance on the head
4.The cypher completion expected at traditional S1 support
5.Bounce from the cypher effect to be arrested in the 0.382DC then 0.618DC, Complements Kumo cloud resistance
6.A later on expected downfall to the S@ ground, after the uptrend breaks and gets rejected by the kumo cloud..
Will update the final leg of the down fall later on..
All thi is happening in the background of a longer trend which i established here...
A relief Rally in BTC !BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD Sorry, this was a late idea published as net connection was too slow to publish, i have been scalping the price since the cypher..
Now the plan is, as the bat that has formed mainly in the 5min time frame and has completed its effect , i expecta bounce from the ichimoku kumo cloud soon and to go grossly as the pathway described.....
Their can be more harmonics coming on the way as there is significant volatility...
But i expect the over all trend to do a bearish AB=CD..
Disclaimer... this si not a trading /investing advice..
will update the bat below in 5mins frame...
A relief rally possibility in BTCUSDThe game changed when the falling wedge broke out , followed by a bullish cypher, the first bullish pattern in the chart..
Now in the shorter time frame there is a bearish bat which seems to be forming..
If the formation i complete i expect a throw up to the first resistance level as marked...
The whole strategy is supported by a bearish ABCD in the background...
Disclaimer... not a trading/investing advice
IDEA: In ideaAll mentioned & plotted on Chart.
Intraday Accumulation: @ 81.20, 80.50, 79.85 , 79.30, 78.45
Intraday TARGET: @ 82.90, 83.60, 84.35, 84.80, 85.60
Calculation Based on LCP: @ 82.05
My personal View. If matched, Like & Share
As i am not SEBI regd. analyst, take this study as educational purpose.
For taking trade decision Consult with financial Advisor.
NIFTY: View in aspect of DOW JONESPossible Last Leg of Bearish CYPHER.
CONCLUSION:
If Dow Jones Completes " Bearish CYPHER"
.................Seen 6.53% Upside.
If same thing Happens in NIFTY
TARGET of NIFTY would be 11145.
INDIAVIX also support UP move of NIFTY,
as in Last candle Formed "LH - LL" Pattern.
Though NIFTY was DN 1.15%.
Take this study Beyond Normal Technical Analysis.