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Bullish Cypher

Monero next leg up !Monero has been testing resistance against 100$ and from the looks of it Monero is growing in popularity with a growing user base, a surge in searches on Google trends and a number of pro Monero articles surfacing in the past few days. It looks set to go up again and potentially may retest its previous highs. As Bitcoiners look for a place to hedge their bets Monero becomes an increasingly enticing place once more research is done. Monero having no marketing budget that most coins use to pump their price and having superior technology has found itself severely undervalued, its only a matter of time before the new money coming into Bitcoin educate themselves on what makes Bitcoin truly valuable and find that same thing intensified in Monero.
Long
by Emperor_Penguin
BTC in ABC Corrective SHORT, before Reversal to LONGIt seems that BTC is in an 'ABC' Corrective move SHORT and has almost completed waveA, as per my correct analysis (see below in the related ideas link). WaveB will most likely be the target from the Bullish Butterfly Harmonic see below in the 1 Hour chart. From here there should be a LONG to the end of WaveB (Either targets #1 and #2 - But in my opinion Target 1 will hit only), before the next run down SHORT for WaveC. Based on my calculations, WaveC SHORT has 2 possible Reversal Points, See the Daily Chart. 1) SHORT to the Reversal #1 (High Probability) may be the '$5,000' range where a major Flip Zone exists, here I will make another Entry and purchase LONG more 'BTC' before the $7,000 ~ $9,000 target is reached. 2) SHORT to the Reversal #2 (Low Probability) may be down to the '$2,800' range where Major Support exists as well as a confirmation of a Bullish Cypher Harmonic. This would be the perfect entry to purchase significant amounts of 'BTC' as a reversal at this point will be hard and fast, all the way up to the $9,000 range during December 2017. 'TDI' on the Daily shows sharkfin and blood in the water completed, with RSI coming out of the Overbought zone and has a downward direction. EMAs are still pointing upwards on the Daily which suggests continued upward trend, as well as the Mustard and Ketchup EMAs, have not yet crossed on the daily. In my opinion, price action most likely may Pin the Water EMA (50 EMA) and will reverse at that point. However there is also the probability that the Bullish Cypher Harmonic may confirm, which will mean a significant drop in price, all the way down to the '$2,800' area, however, in my opinion, this is low probability to keep in mind. Note: That will NOT be a Crash, it is called a CORRECTION, nothing to worry about if it happens. Professional traders use corrections as a good entry to LONG this Crypto, for additional profit. Amateur traders will panic sell this which will drive the value down faster. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by UnknownUnicorn661419
5
AVT - Bullish Cypher Almost Complete - LongAfter failing to hold its levels yesterday, BITFINEX:AVTUSD appears to be working on the CD leg of a bullish cypher, which means a buy opportunity is on the horizon. At writing, it is nearing completion of a bear flag & should begin descending to the .786 fib line where there will be strong support. This chart has made some sharp moves recently & I expect we will see strong volume arrive at this point. When it pops, it pops for big gainers, & it's going to be itching for it once this pattern is completed. Buy: 2.7 Stop: 2.4 Target 1: 3.02 Target 2: 3.28 Target 3: 3.68 Target 4: 4.38 Target 5: 5.48
ALong
by llywellyn
2
Potential 2618 on AUD/CHF 15 minute ChartI'm looking at a triple bottom on AUD/ 15 minute chart, providing a potential 2618 opportunity. If price action can come into the area of the 161.8% inversion of the third bottom (an extension can also be used from the mid leg of the triple bottom to determine the 161.8%), this will provide a potential 2618 buying opportunity. Entry will be between the 61.8 and 76.4% retracement. My targets will be at previous structure highs at around 7719. Stops will be below the lows of the right most leg of the triple bottom. I'm using EMA ATR stops which on the 15 minute is about 5 pips below the low... ie 7679 The triple bottom is coming off a Bullish Cypher pattern completion on the 1 hour chart, so I'm assessing this in conjunction with my previous Bearish Cypher analysis, which hasn't been invalidated yet though it's looking quite messy now (link below). That is to say, I anticipate that price action off the 2618/Bullish Cypher has the potential to reach 7752 to complete the previously identified Bearish Cypher or at least establish a decision point at that level. PS: I've been noticing something with harmonic patterns which I am trying to confirm via back testing and I would appreciate some input on this, as to if it is a valid observation - I've been noticing that (and this instance is a good example) with harmonic patterns (Bats, Gartleys, Cyphers...), on completion, and prior to the anticipated move, will tend to double top (or bottom)/retest the completion levels before moving in the expected direction (long or short-when the market chooses to be in agreement with your analysis). Has anyone else observed this? Is this a common place occurrence/observation? I've started waiting for these retests after pattern completion as confirmations before entry.
Long
by scorpiousg