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BTCUSDT Cypher Pattern 4h chart

POLONIEX:BTCUSDT   Bitcoin / Tether USD
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 https://www.sixfigurecapital.com/12.html

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