I wish I would have posted this yesterday, I didn't think it would end up (nearly) completing :)
Regardless of the pattern, BTC is basically giving a 50% off sale during the holidays! Thanks BTC!
We're looking at completion of our Cypher pattern at D point, $11,143
A = .382 - .618
B = 1.272 -1.414
X to D = .786
We're looking for price to touch D point, and then reverse.
Wait for it to hit D before entering.
Risk to reward is nearly 2, 1.82. We strive to have a R/R of 2 with the normal strategy, but i really like the resistance at 8,167, and future growth :)
Note: Always draw on your own chart, and ALWAYS look for candlestick confirmation and that the candlestick CLOSES!
You're welcome to repost and share this analysis with credit due!
Learn to trade at sixfigurecapital.com/12.html
Regardless of the pattern, BTC is basically giving a 50% off sale during the holidays! Thanks BTC!
We're looking at completion of our Cypher pattern at D point, $11,143
A = .382 - .618
B = 1.272 -1.414
X to D = .786
We're looking for price to touch D point, and then reverse.
Wait for it to hit D before entering.
Risk to reward is nearly 2, 1.82. We strive to have a R/R of 2 with the normal strategy, but i really like the resistance at 8,167, and future growth :)
Note: Always draw on your own chart, and ALWAYS look for candlestick confirmation and that the candlestick CLOSES!
You're welcome to repost and share this analysis with credit due!
Learn to trade at sixfigurecapital.com/12.html
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.
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.