Moorsc0de

EMBEDDED HARMONIC PATTERNS (GARTLEY AND CYPHER)

Short
BITSTAMP:BTCUSD   Bitcoin
HERE WE CAN SEE A BULLISH GARTLEY EMBEDDED WITHIN A BEARISH CYPHER HARMONIC PATTERN. THE BULLISH GARTLEY COMPLETED SIGNALLING A FAKE RUN-UP IN BTC.... ONLY FOR THE BEARISH CYPHER TO FINISH THAT RUN UP AND SEND BTC TO A BEAR MARKET. HARMONICS ARE NOT ALWAYS STANDALONE. THIS PATTERN SUGGEST A VERY AMBIGUOUS MOVE AT THE 8450 MARK OF BTC.
BUT THIS IS ONLY A VERY TINY MOVE OF A LARGER HARMONIC FORMING AS WE SPEAK. TYPICALLY HARMONICS ARE ALSO CHARTED ON 1 HOUR OR 4 HR CHARTS.. THIS ONE WAS EVEN MORE DIFFICULT TO SPOT BECAUSE IT WAS DONE ON A 7 MIN CHART AT THE TIME- BTC VOLATILITY BEING SO FAST, THE LARGER TIME FRAMES WOULD NOT HAVE WORKED- AND EVEN HERE THE POINTS DO NOT SEEM TO MATCH, BUT A 7 MIN CHART IS IDEAL TO SEE AND PROVE ALL THE POINTS DO MATCH UP. THESE ARE VERY HARD TO FIND FOR THE UNTRAINED EYE.

Moorsc0de aka Crypt0nomics aka Zaphkiel
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