This is my adaptation on a Cypher harmonic and where i expect it to reach. I have taken the trade after spotting this a bit late however the Risk:Reward is still 1:1 what is acceptable as i believe that it should hit the Take Profit. I have set this slightly above the expected level to ensure it does not fall short by a few pips.
0.01 seems to provide good support If this fails then long more at 0.008 and then 0.007. I've bought spot and also margin longed this and im not using a stop loss. probably going to get rekt but maybe the banksters try to moon all alts before christmas and failing that im betting that whales may start to get into alts around march similar to early 2017 alt season....
Sorry to disappoint you bulls, but we broke out of the primary uptrend in bitcoin. I applied this A=B method to estimate a ball park (B) for the current downtrend + a possible bottom. This is just my anticipation not a prediction! I only assume something like this might happen if we fail to break out of the downtrend around 300. Check out the volume profile...
This is a side note continuation about "XABCD Should Extend The Trend!" subject. This is my real life experience of buying a physical gold (coins, not much quantities, it was my first time doing that). Using my technical analysis for the reason to buy. In 2013 I bough some gold almost exactly at the time this small Gartley was finished forming (little pointer...