moneyflow_trader
we're currently retracing to C wave, for this bullish cypher pattern to be completed The Cypher pattern starts with a market price that establishes the X and A points. Once this leg is determined, the pattern evolves. Point B retraces to 0.382 – 0.618 Fibonacci level of the leg XA Point C is formed when prices extend the XA leg by at least 1.272 or within 1.130 –...
AD showing a triangle consolidation and potential breakout on the 4hr chart
bitcoin is approaching an 1hr apex based on triangular pattern. based on elliott wave theory a visit to A leg is possible, if retest of A leg. A leg needs to hold, so no fall to 51,000 occurs. If A leg holds support, I see bitcoin rising to c leg and breaking out to retest highs
loading up for a cup and handle notice the handles form off the cyphers
looking to short to c wave to catch bitcoin forming an inverse head and shoulders pattern and form a solid base to breakout
all 3 pride action and support, plus money flow have appeared to bottom in dogecoin at key levels ...
The AD is showing me an advance bull flag on the 4hr time frame of ethusd, waiting for the AD to cross over breakout level to retest/break all time highs
AD showing be an ascending triangle pointing to a project target of 57,203 which confirms the bear trap
large base to cup/handle forming on bitcoin.. first rise to 57,203 target based on AD showing an ascending triangle. Then look to follow wave pattern, and have breakout from the handle
bitcoin was bought off the lows and the AD confirms a desc. triangle breakout
being conservative I anticipate this move by end of january
looking for a retest of D leg to short the bearish butterfly pattern, and have bitcoin retest $51k shortly afterwards
w/ fibs you can see price action continue up to the D leg towards 59k the short area, The AD is drawing out a bearish bear flag, w/ the the apex in circle. The breakout is likely to fail at the apex , and result in decline back down to the 51k area
the bearish cyphers, forming a potential handle. a necessary evil to get a regain on bullish mometum. short term could be a bear trap, I still see a retrace. first lets monitor this cup/handle and see if the b legs hold for support
two bearish cypher patterns setting up another big dump on bitcoin
spotted a desc. triangle on the 4hr that hasn't yet filled, and the AD support this level. Price action at 55k holding temp. then looking to reshort back to 51k. I'm taking both shorts/long
bearish continuation keeps forming on bitcoin, 1hr bearish head and shoulders pattern by the AD. Purple line is AD, bulls need to defend bottom red line. simple trading. Money has its own pattern, and even these lines forming technical patterns . will cont. to short to 35k, then 15k bitcoin
AD about to invalidate the double bottom on the 4hr chart the line in the sand for the bulls, looking for another down day to continue towards $51k, ultimate target is $35k