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Cypher

ES Daily 03/03: Bear temporarily in controlES rallied higher into open, then started to drop and soon broke the overnight low. It finally found a bottom around 4341, made a clear abc bounce, reclaimed over 61.8% then dropped almost the whole afternoon, made a double bottom 15 minutes before the close. The whole day action fits the typical pattern of reversal day, and the rally since Sunday night is choppy and overlapping, all of these force me to shift the odds to bears temporarily. Assuming this thesis is right, how low can we go? Well the rally from past few days form a very nice parallel, so I have to take the abcde pattern into consideration. If this is the case, then we are likely to find support between 4290~4300, and bottom is more than likely to hit before tomorrow NFP or shortly after that. According to EW theory, such structure should not happen in wave 2, so I have to put it as wave (B). Given the news of Ukraine crisis still pretty much affect the market, this scenario fits pretty well. But once the 4290 is broken, next micro support would be around 4250~4260, and a standard wave (2) typically find support at 50~61.8% retracement, plus the whole hundred number effect, I would give a general support zone of 4200~4260, it would be hard to predict exactly where it finds the bottom, but I would be eager to find bottoming structure if market reach there and buy calls for further rally. And if bears is really strong, for example if whole Friday is trending down, then it's possible that we will finish a cypher pattern which target all the way to 4175, this case may also happen if Friday is weak and more bad news from Ukraine came during the weekend. Please be noted my bearish bias is due to pattern, and it's purely short term. In the intermediate term, no matter what, I would expect the market find a bottom in next two trading days, and start our rally toward 4700, which could be in late March. Also bears in short term control only if afternoon high of 4395.5 holds or in the worst case, morning high of 4418.5 holds, whenever that happens, bear lost already, and we will go probably 4580 range next. Also bears need to start the drop no later than tomorrow's noon, any further delay would fail the pattern and we will probably need to find something else to match.
CME_MINI:ES1!Short
by duckwade
BTC 4H UpdateBTC 4h looking like we could print another trigger wave on cipher B and see some more short term upside, potentially even break the previous high which would be the ideal scenario, but I am still leaning more towards a bearish scenario where we come to retest the bullish daily OB. Money flow is still in the green and we are sitting on on 4h support, we could hold either of these 2 levels and continue higher, but seeing as we currently have a lower high on the daily I think this is less likely to happen.
by UnknownUnicorn15302902
SOL/USD - Short. H&S, Fib Circles, Cypher Pattern...There are a lot of interesting features on the SOL/USD chart. Assuming that Bitcoin and Ethereum continue to trend down, this head and shoulders pattern will likely be successful. Looks like a short term short opportunity, just prior to a longer term long. Bearish: Rejected by the top of the downward trend line Visible head and shoulders pattern Bullish: Cypher pattern valid after slight move down Bullish hidden divergence on the RSI Many other oscillators indicate oversold levels Note levels of support per the fib circles.
COINBASE:SOLUSDShort
by wildhood
This Is How Whales Are Buying Your Bitcoins In This DipHi friends, hope you are well and welcome to the new update on Bitcoin ( BTC ). Broke out a wedge: On a 4-hr time frame, Bitcoin has broken out a falling wedge, and the target for this wedge can be $44K. Tested the channel after breakout: On a daily time frame, Bitcoin broke out a long down channel, and tested the previous resistance as support well. Now BTC needs to breakout $40K for any big move, because, here we also have EMA 21 daily resistance as well. This $40K level has been working as support and resistance in the previous history very well. Strong support zone: On weekly time frame a very strong supprot zone can be seen, that is from $35K to $28.6K. Whenever priceline is entering here it is starting big bullish reversal moves. There is also 100 weekly simple moving average support. Big bullish Cypher pattern: On a same weekly time frame, Bitcoin has also formed a big bullish reversal harmonic Cypher pattern. Conclusion: $35K to $28.6K is a big long-term support zone, therefore, a big reversal move is expected to start from this support area. Huge buying has already been witnessed several times in this zone. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
BITSTAMP:BTCUSDLong
by moon333
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