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...
Cypher
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.
AUROPHARMA Cypher CompleteAURO has been moving sideways, making a few patterns along the way. Recently completed the Cypher, and reversed already. Are we too late????
B- level seems interesting since BAT n CYPHER chare the same B-level. ANd its been tested a few times already. Its about to test that levels again. awaiting a breakout or reversal from that level.
bullish cypher on EURJPY 4HRLYOn HTF this pair has shown to be bullish so the overall bias of the pair is bullish since its always a good idea to go with the trend and the RSI has deep in overbought territory to add as a filter. I will take the bullish cypher which has formed on four hourly of which is my trading TF.
Bharti Airtel- Coiling Cracked for 40 points-Cypher in Channel ?Bharti's connection was so puzzled between 407-398 where we witnessed the coiling effect & took advantage of almost every leg inside the coil - 3 times back to back 20 points between 398 to 407 with previous updates like morning star, hidden language & the game of patience - which is our long term update.
When the coil unwinded - sharp reaction to downside happened completing all targets -398-393-388 with a bonus gap down move to 375 giving us 40 points +
What Next ?
There is cypher in the channel & looking for target zone 405-407 -the upper end of the channel which is the point of control & likely the zone which can be retested.
How to execute?
Look for a pullback to 382-385 zone in next trading session - if you see prices holding in that zone then plan to enter with stops below 377 which shall be the important level- holding that level, we should see minimum push to 395-398 zone & next above 400 for 405-407 zone.
Stop Loss
377 should be the stop loss.
Long Term View - Game of Patience
Short Term Move -Morning Star - Talents & Patterns can't be hidden @398
Short Term Move - Prices Speak@398 - Hidden Language
Pattern Series 6 - Bearish Gartley Pattern!I thought these cypher, Gartley patterns are tough until I learnt it is based on fibonacci ratios. Draw fibonacci levels from X to A. Point B should not close above 0.618 fib level. The point C should form between A and B. Point D should not close above 0.786. Now lets see how to trade this Gartley pattern. Sell at 0.786 with the stoploss of few points above it. Your risk should be minimum and it should not exceed risk : reward ratio of 1 : 1. Targets are 0.5, 0.38 and 0.236 fib levels. People who love fibonacci ratios, dont miss Gartley pattern trades!