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💡 HIVBTC ANALYSIS💡

Long
BINANCE:HIVEBTC   HIVE / Bitcoin
HELLO FRIENDS

TECHNICAL, WHEN WE LOOK AT THE GRAPH FOR 4 HOURS, THE Gartley Bullish Formation HAS BEEN CREATED.
THERE SIDE Cypher Formation ( Cypher Pattern ) CREATION POSSIBLE AVAILABLE !!


THESE TRANSACTIONS ARE HIGHLY RISK MONEY SHOULD NOT BE ENTERED WITHOUT RISK MANAGEMENT




TP1: 0.00001247
TP2: 0.00001549
PROCESSING 0.00001052 INPUT LEVEL: (AT 4-HOUR CANDLE CLOSING)
STOPLOS: 0.00000841 (BASED ON MY OWN MONEY MANAGEMENT) I KEEP THE LEVEL AWAY YOU CAN TAKE IT CLOSE (DEPENDING ON THE SITUATION)


NOT AN INVESTMENT ADVICE.

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IF THERE IS SOMETHING WRONG ABOUT THE FORMATION, YOU CAN GET THE WARNING.

"EDUCATIONAL PURPOSES"
Gartley Bullish
The retreat from A to D should ideally be 61.8% or 78.6% of the XA leg.

• A valid ABCD formation should be observed from the A level to the D level.

XA and AD must be time-matched.

• AD time should be between 61.8% and 161.8% of XA time.
At some times the ABCD pattern retracts 100% of the XAB leg. ( Double Bottom )
• In this case, XA and AD time should be equal for a true double dip.

Failure of the pattern indicates the continuation of the bear market, and prices could retreat by 127.2% or 161.8% of the XA leg.

Cypher Pattern

The Cypher formation (first described by Darren Oglesbee) is a 4-legged formation.
The difference of this structure from Gartley is that point C can pass below point A. For this reason, the probability of occurrence is lower and longer than Gartley . Because, after a bottom or top is broken and a new bottom-peak is formed, the previous bottom-top is most likely to be turned into support-resistance.



Point C should be at Fibo 127.2 or 138.2. It is very rare for this structure to form at the level of 161.8.

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