HIVE / BitcoinLong
💡 HIVBTC ANALYSIS💡
HELLO FRIENDS
TECHNICAL, WHEN WE LOOK AT THE GRAPH FOR 4 HOURS, THE Gartley Bullish Formation HAS BEEN CREATED.
THERE SIDE Cypher Formation (Cypher Pattern) CREATION POSSIBLE AVAILABLE !!
THESE TRANSACTIONS ARE HIGHLY RISK MONEY SHOULD NOT BE ENTERED WITHOUT RISK MANAGEMENT
TP1: 0.00001247
TP2: 0.00001549
PROCESSING 0.00001052 INPUT LEVEL: (AT 4-HOUR CANDLE CLOSING)
STOPLOS: 0.00000841 (BASED ON MY OWN MONEY MANAGEMENT) I KEEP THE LEVEL AWAY YOU CAN TAKE IT CLOSE (DEPENDING ON THE SITUATION)
NOT AN INVESTMENT ADVICE.
IF YOU USE ANALYSIS, REMEMBER TO LIKE AND FOLLOW👍👍👍👍👍👍
IF THERE IS SOMETHING WRONG ABOUT THE FORMATION, YOU CAN GET THE WARNING.
"EDUCATIONAL PURPOSES"
Gartley Bullish
The retreat from A to D should ideally be 61.8% or 78.6% of the XA leg.
• A valid ABCD formation should be observed from the A level to the D level.
XA and AD must be time-matched.
• AD time should be between 61.8% and 161.8% of XA time.
At some times the ABCD pattern retracts 100% of the XAB leg. (Double Bottom)
• In this case, XA and AD time should be equal for a true double dip.
Failure of the pattern indicates the continuation of the bear market, and prices could retreat by 127.2% or 161.8% of the XA leg.
Cypher Pattern
The Cypher formation (first described by Darren Oglesbee) is a 4-legged formation.
The difference of this structure from Gartley is that point C can pass below point A. For this reason, the probability of occurrence is lower and longer than Gartley. Because, after a bottom or top is broken and a new bottom-peak is formed, the previous bottom-top is most likely to be turned into support-resistance.
Point C should be at Fibo 127.2 or 138.2. It is very rare for this structure to form at the level of 161.8.
TECHNICAL, WHEN WE LOOK AT THE GRAPH FOR 4 HOURS, THE Gartley Bullish Formation HAS BEEN CREATED.
THERE SIDE Cypher Formation (Cypher Pattern) CREATION POSSIBLE AVAILABLE !!
THESE TRANSACTIONS ARE HIGHLY RISK MONEY SHOULD NOT BE ENTERED WITHOUT RISK MANAGEMENT
TP1: 0.00001247
TP2: 0.00001549
PROCESSING 0.00001052 INPUT LEVEL: (AT 4-HOUR CANDLE CLOSING)
STOPLOS: 0.00000841 (BASED ON MY OWN MONEY MANAGEMENT) I KEEP THE LEVEL AWAY YOU CAN TAKE IT CLOSE (DEPENDING ON THE SITUATION)
NOT AN INVESTMENT ADVICE.
IF YOU USE ANALYSIS, REMEMBER TO LIKE AND FOLLOW👍👍👍👍👍👍
IF THERE IS SOMETHING WRONG ABOUT THE FORMATION, YOU CAN GET THE WARNING.
"EDUCATIONAL PURPOSES"
Gartley Bullish
The retreat from A to D should ideally be 61.8% or 78.6% of the XA leg.
• A valid ABCD formation should be observed from the A level to the D level.
XA and AD must be time-matched.
• AD time should be between 61.8% and 161.8% of XA time.
At some times the ABCD pattern retracts 100% of the XAB leg. (Double Bottom)
• In this case, XA and AD time should be equal for a true double dip.
Failure of the pattern indicates the continuation of the bear market, and prices could retreat by 127.2% or 161.8% of the XA leg.
Cypher Pattern
The Cypher formation (first described by Darren Oglesbee) is a 4-legged formation.
The difference of this structure from Gartley is that point C can pass below point A. For this reason, the probability of occurrence is lower and longer than Gartley. Because, after a bottom or top is broken and a new bottom-peak is formed, the previous bottom-top is most likely to be turned into support-resistance.
Point C should be at Fibo 127.2 or 138.2. It is very rare for this structure to form at the level of 161.8.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.