$BLIN BULLISH CYPHER PATTERN$BLIN BULLISH CYPHER PATTERN
Wyckoff Re-accumulation with uprise, consolidation above Resistance levels, strong Volume building
Demonstrates higher highs
Bridgeline Digital, Inc. operates as a digital engagement company in the United States. The company's Bridgeline's Unbound platform enables companies and developers to create websites, web applications, and online stores. It offers Bridgeline Unbound Experience Manager, a marketing automation engine and content management system; Bridgeline Unbound Content Manager that enables non-technical users to create, edit, and publish content via a browser-based interface; and Bridgeline Unbound Commerce, an online B2B and B2C commerce solution that allows users to manage domestic and international commerce initiatives. The company also provides Bridgeline Unbound Marketing, an online marketing management solution that helps marketers drive to their sites through personalized and targeted marketing automation flows; and Bridgeline Unbound Insights to manage, measure, and optimize web properties by recording detailed events and mining data for statistical analysis. In addition, it offers Bridgeline Unbound Social, a social media management solution that empowers customers to set up customized watch lists; and Bridgeline Unbound Franchises, a web content management and e-commerce platform to multi-unit organizations and franchises. Further, the company provides digital strategy, web design and development, usability engineering, information architecture, and search engine optimization services; application monitoring, emergency response, version control, load balancing, managed firewall security, and virus protection services; and shared, dedicated, and Software as a Service hosting services. Further, it offers OrchestraCMS by Bridgeline and Celebros Search by Bridgeline digital solutions. It serves vertical markets, such as financial services, retail brand names, health services and life sciences, technology, credit unions and regional banks, and associations and foundations through its direct sales force. The company was formerly known as Bridgeline Software, Inc. Bridgeline Digital, Inc. was founded in 2000 and is based in Burlington, Massachusetts.
Cypher
BTC/USD Bullish CypherBitcoin is right now forming a bullish cypher pattern which is a bullish harmonic pattern. If it plays out a perfect entry would be around the $34600 area. Target would be 41-42k. Here are the following reasons why this would be a great entry:
Hidden Bullish divergence on the hourly.
Bullish Cypher with almost perfect retraces.
Perfect retest of the falling wedge that has formed on the daily candle
BTC is currently in phase D of the wyckoff accumulation pattern which according to the pattern should be a big move towards the 41-42k resistance area.
I think these are pretty valid reasons to enter this long position and remember, only enter if price reaches point D which is around $34600 - $34500! Follow for more free trade setups. Good Luck traders!
Dogecoin (Doge) | A Realistic And Huge Move Is About To BeginRejection from the resistance and strong support:
From mid of April to May 2021 the price action of Dogecoin was very strong bullish. Finally, the priceline found very strong resistance at $0.70 and after being rejected by this resistance level the price action of Doge dropped to the support of $0.45. After some struggle, the price action broke down this support and then broke the next supports $0.36 and in $0.26 respectively. Finally, the Doge coin’s price stopped at the strong support at $0.16. At the moment it is trying to break out the next resistance of $0.26, this level was working as support now turned into resistance.
Symmetrical triangle:
If we switch to the small-time period 4-hourly chart, then it can be observed that the trend is being changed from down to up-trend. Now the price action is moving in a symmetrical triangle which is considered as a trend continuation pattern. Now as we are in an uptrend then the priceline may break out the resistance of this pattern for the trend continuation. In this situation, the target as per the symmetrical triangle can be $0.31.
A big bullish Cypher pattern:
On the weekly time frame chart, the price action of Doge has formed a big Cypher pattern. There is also 25 simple moving average support in the buying zone and the 50 SMA below this area. I have already shared this pattern a few days back. At that time the priceline of Dogecoin was moving in the buying zone. Now the candlesticks are moving above the potential reversal zone. It can be noticed that the buying area of the bullish Cypher is very wide. Therefore, we can also use the 25 simple moving average as stop-loss. However, the buying zone goes up to$0.1336. As per the Fibonacci sequence below are the buying and sell targets:
Buy between: $0.2350 to $0.1336
Sell between: $0.3148 to $0.5065
As per the above targets, this trade has a big profit possibility of 279%, and the loss possibility is 43.4%, however, in order to minimize the risk we can use the 25 SMA as stop loss.
GOLD ANALYSIS!!! Hi Everyone, GOLD price reversed 1750.00 USD on 1D chart, level 1.618 of Harmonic XABCD pattern. On daily chart its bullish & can go 1885.00 USD which is weekly resistance & daily support 1750.00 USD if breaks can go 1675.00 USD.
WEEKLY SUPPORT & RESISTANCE.
On weekly chart GOLD price is downtrend, support 1675.00 USD & resistance 2080.00 USD. TVC:GOLD
This Will Be A Legendary Move Of Litecoin LTCHi friends hope you are well and welcome to the new update on the Litecoin (LTC).
Down channel:
On the daily timeframe chart, the price action of Litecoin is moving in a down channel since 27 May. Recently the price action has reached the resistance of this down channel and likely to be rejected. I've placed the volume profile indicator on the complete price action moving within this channel which is showing that the price action is already moving in the area where we have very weak interest of the traders. Therefore, the break out is more possible than breakdown. However, after placing that Moon phase indicator it can be also noticed that the dark moon is showing the future price projection to the down side up to $110. But if the price action will be rejected by the resistance of this down channel then a formation of the bullish harmonic move is possible that will not let the priceline of LTC to drop at the support of this channel.
Different support and resistance levels:
After the powerful bullish rally the price action found the resistance at $400 level. Finally the pricline got rejected by this resistance and broke down the $300, $230, $200, $170 and then $140 support levels and finally stopped at the $110 support. Currently it is moving within $110 to $140 support and resistance levels.
Harmonic Cypher pattern:
On the weekly timeframe chart, the price action of Litecoin has completed the formation of bullish harmonic Cypher pattern. There are 25 and 50 simple moving averages in the buying zone as well. The buying and selling targets of this pattern are as below:
Buy between: $144.48 to $91.49
Sell between: $186.18 to $286.33
Conclusion:
Even though the price action of one of the leading crypto currency is not able to breakout resistance of the down channel. However, it is not confirmed yet that the priceline is completely rejected. It is still possible that the price action of LTC will be reversed towards the upside and break out the resistance of the channel and start a big move from here. A big bullish harmonic pattern is also favoring to the breakout from this channel.
You Will Never Regret To Buy Chainlink (LINK) At This SupportHey friends, hope you are well, and welcome to the new update on Chainlink (LINK).
Moved at the support of broadening formation:
The price action of the Chainlink token has formed a big broadening formation on the weekly time frame chart. The formation of this pattern was started in July 2020. If we take a look at the weekly chart, then it can be observed that whenever the price action is getting bounced from the support of this broadening formation it is reaching the resistance and forming the higher than the previous high. This time the price action has already touched the support, therefore, now the price action can start another move towards the upside to make a new high and touch the resistance again.
Rejected by $50 resistance:
On the daily time frame chart, it can be seen that after a long-term powerful bullish rally the price action of Link found a resistance at $50. After being rejected by this resistance the price action has dropped at $15 support level. Now the priceline is moving between the $15 to $20 support and resistance levels for 12 days. If the Bitcoin drops more, then it is possible that the Chainlink will again re-test has the $15 support level. It is a very strong support because previously it has been working as a support and resistance since August 2020.
A big bullilsh Cypher pattern:
While the price action is at the support of a broadening formation on the weekly time frame chart, at the same time the price action of LINK has formed a bullish Cypher pattern. There is also 50 simple moving average support in the buying zone and 100 SMA below the buying area.
The buying and sell targets as per Fibonacci sequence of this Fibonacci based pattern are as below:
Buy between: $23.65 to $16.78
Sell between: $29.04 to $42. 01
The maximum extent of potential reversal zone $16.78 can be used as stop loss. As per the above targets, this trade has a big profit possibility of 150%, and the loss possibility is 30%.
Conclusion:
It is very positive in gesture, that while the price action is at the support of the broadening formation at the same time it has completed the bullish harmonic move. Yes it is possible that if the Bitcoin drops, then priceline of Link can again test the support. However, from the potential of this big Cyhpher, the price can move up and can set a new high.
Dogecoin has completed a big Cypher for upto 279% rallyHi dear friends, hope you are well and welcome to the new update on Dogecoin .
On the weekly time frame chart, the price action has formed a big Cypher pattern . There is also 25 simple moving average support in the buying zone and the 50 SMA below this area.
BTC - Bullish Cypher Pattern - Long* Not a financial advice *
BTC is formed Harmonic Pattern, Bullish Cypher. Idea comfirmed with EMA 200 position, Bollinger Bands and triangle. I've checked this idea with 2hr, 4hr and daily time frames.
IMPORTANT: This is my personal analyze and idea. Please do your own research and check other ideas before deciding with opening positions.