Cryptsyxalt

Cryptsyxalt

After initially painting a Crab pattern on the Weekly time frame, the Bulls did not manage to reach TP1. Upon retesting the Crab entry line the Bulls then painted a Gartley pattern to assist in the reversal to the upside. Price has reached TP1 for the Gartley but will need to break and close above the pattern to confirm the continuation of the move to the upside.

Cryptsyxalt

The Bulls have painted a Crab pattern on the Weekly time frame. Having not reached the initial take profit level (91.746) on the first attempt, price dropped to retest the entry line of the Crab . The Bulls have now painted a Gartley pattern on the Daily time frame to assist the move to the upside.

Cryptsyxalt

The Bulls have painted a Butterfly pattern on the 4H time frame. Should price reach above the initial take profit level (45030.69) it will need to break and close above the pattern (48424.11) to confirm the reversal of the trend back to the upside. After such a strong move to the downside I would expect a considerable amount of choppy movement before any...

Cryptsyxalt

Bears have painted a Butterfly pattern on the 4H timeframe. Having hit the first target to take profits at 2R (1.21079) the pattern is confirmed. The Bears will now look to push price below the pattern (1.20230), a candle close below confirms the reversal of the trend to the downside. Bulls have painted a Butterfly on the 1H timeframe in an attempt to stem the...

Cryptsyxalt

Bears have painted a Butterfly pattern on the 4H timeframe. Having hit the first target to take profits at 2R (1.21079) the pattern is confirmed. The Bears will now look to push price below the pattern (1.20230), a candle close below confirms the reversal of the trend to the downside. Bulls have painted a Butterfly on the 1H timeframe in an attempt to stem the...

Cryptsyxalt

At the very top of Bitcoins ATH a Bearish Butterfly pattern formed on the 15 minute time frame. After retracing at a near perfect 78.6% of the initial XA leg, price formed the C point and then pushed up to the entry line at 127.2% of XA. Price took several tests of the entry line before commencing the sizable move down. Use the channel link below for video...

Cryptsyxalt

After a couple of days of chop it's nice to see some structure coming back into the market! 50% of position closed at TP1. Stop loss moved to entry due to the choppy conditions.

Cryptsyxalt Updated 

EU has a serious case of Crabs on the Daily and 4H timeframes. Higher time frame patterns should be used as bias for lower time frames entries.

Cryptsyxalt Updated 

EU has a serious case of Crabs on the Daily and 4H timeframes.

Cryptsyxalt

To continue the move up the Bulls have painted another Butterfly on the 1H TF. Having taken profits at 2R the Bulls will now look to push price above the pattern structure to complete the reversal of trend.

Cryptsyxalt

The initial reaction off the 4H Bullish Butterfly hit TP1 then met the entry for this Deep Crab. Having hit TP1 and 2R the Bulls have taken advantage of the Bears taking profits and painted another Butterfly on the 1H TF to attempt to continue the move up.

Cryptsyxalt

Either Coincidence or Elon Musk is into Harmonics, the Bulls painted a Butterfly on the 4H TF. Having hit TP1 at 2R then hitting a Bearish Deep Crab, the Bulls have painted another Butterfly on the 1H timeframe to attempt to continue the move up.

Cryptsyxalt

Hitting the first take profit level at 2R confirmed the Weekly Bearish Deep Crab. Price completed the reversal of the trend by breaking below the pattern:- Price is now over-extended leading to the potential for the Bulls to take control in the short term using the Structure of the Cypher pattern.

Cryptsyxalt

The Butterfly is yet to confirm as the intial move up from entry did not reach the first take profit level at 2R. The Bulls have painted a Gartley pattern on the Weekly time frame to add to their original position:-

Cryptsyxalt

Having reached the first take profit level at 2R the Butterfly pattern is confirmed. Should price drop further the Bulls first attempt at a re-entry will be at the 50% retracement level of the initial move:- The Monthly Butterfly supported the entry point of the Yearly Gartley pattern:-

Cryptsyxalt

On the initial entry the Bulls did not confirm the pattern by hitting the first take profit level at 2R. Price reached deep into the stop zone before the Bulls regained control at the entry point.

Cryptsyxalt

Hitting the first take profit level at 2R confirms the Bullish Deep crab pattern. Using the 50% retracement level of the initial move to re-enter, Bulls are attempting to push price above the pattern so as to complete the trend reversal.

Cryptsyxalt

Using the 15m Bearish Crab at the 224% projection of BC gives an excellent, now risk free entry, to this 1H bearish Gartley. This trade should only be considered as a hedge to those already running longs in profit.