The core technical concept that the potential gartley can fail structure and fall into a extension pattern is being developed on the fundamental analysis ....i will mentioned an example of such a failure of structure a little later in this description..
I expect the RSI BAMM trigger to activate at the potential reversal zone of the crab...
It is prudent to...
The core technical concept that the potential gartley can fail structure and fall into a extension pattern is being developed on the fundamental analysis ....i will mentioned an example of such a failure of structure a little later in this description..
I expect the RSI BAMM trigger to activate at the potential reversal zone of the crab...
It is prudent to...
Hi Cryptianz,
After our previous Successful Pull back SHORT call at $11200 we are getting ready for next Move of BTC
We are testing Longer Bullish Trend which formed in Mid of 2017
Upto now we didn't close below this Bullish trend line may be we may close below this trend line by 05.04.18 or in next couple of days.
At the same time we are in one of second high...
A bearish cypher in formation along with extreme bearish harmonic impulse @886..
The patterns are wonderfully following pitchfork price magnet theory..
The potential reversal zones of the bearish cypher perfectly matches the longer term Crab structure which propelled this upmove(shown later)
And both the PRZ and the Limit for the extreme brearish harmonic impulse...
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...
The last 1-5 waves are probably way off by measurements IF it happens but I count this as a viable count for Elliot Waves based on current data and a very possible direction to go.
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...
This is perfectly going as we expected.
BTC is making a move up and likely to breach 8300 resistance level. BTC is expected to test 9400 again so watch out...
As we posted on the following post the cycle seems to be perfectly aligned with the BTC trend.
BTC-Warning-Ahead
Bitcoin-BTC-double-top-again
The 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...
There is a lot of FUD spreading like a wildfire in the crypto-community and it looks like the golden days of Bitcoin will not be coming back anytime soon. But it is not going to remain the same for long as Mt. Gox might sell off their remaining Bitcoin in the month of September. According to CoinMarketCap, Bitcoin is currently valued at $8736 and the market...
Hi Cryptianz,
As per our Previous Technical Analysis BTC was in bearish market & still in...
We personally given info for our team as to stop trading since the market more volatile on both the sides...
Few Whales are trying to put it on right track & few whales are trying to accumulate more in cheaper Price...
Strong Support Level : $8350
Still the market is...
![BTCUSD: Mt. Gox to sell again – Bitcoin [BTC] to be in red till Septembe](https://s3.tradingview.com/l/lAjMZdWR_mid.png "Mt. Gox to sell again – Bitcoin [BTC] to be in red till Septembe")
