Hi Traders,
The potential bullish cypher pattern is in play.
It's bearish in short term but bullish in long term.
Rules:
1. B must reach the 38.2 retracement of the XA leg but not exceed 61.8✅
2. C must reach the 127.2 extension off the XA leg but not exceed 141.4%✅
3. D must reach the 78.6% retracement of X to C✅
Invalidation level: daily close above 141.4% which is ~$28590.
Please hit the boost button if you agree.
Thanks
The potential bullish cypher pattern is in play.
It's bearish in short term but bullish in long term.
Rules:
1. B must reach the 38.2 retracement of the XA leg but not exceed 61.8✅
2. C must reach the 127.2 extension off the XA leg but not exceed 141.4%✅
3. D must reach the 78.6% retracement of X to C✅
Invalidation level: daily close above 141.4% which is ~$28590.
Please hit the boost button if you agree.
Thanks
Nota
Today is the day.All technical indicators show signs of bearish movement.
I don't have to be bullish at resistance with many bearish indicators.
Ignore the noise and trust your setup.
Nota
Bulls trying hard to keep it up but it won't last long. Bitcoin has tendency to nuke 3-4k in one candle lolNota
This idea is still valid.I already said the invalidation lvl would be daily close above ~$28.6k.
We didn't get any "D close" above it yet.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.