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
Note
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.
Note
Normal FOMC fuckery.Note
Here we go..Ugly daily close is coming :)
It's ready to start its journey to ~$22k at least.
Note
The bulls shouldn't fight the trend now.They had their fun from ~$20k to ~$29k.
It's time to bear party now, Also, we have had three full bullish months, now, Bitcoin needs some rest. If you didn't take a profit at the top, it's your fault, Accept it and move on.
Note
Upper CME gap filled.It's time to fille the gap between ~$20300-$21250
Note
After this fuckery and liquidation of many shorts/longs, I believe Bitcoin will reach my target around ~$22k.Note
Bulls trying hard to keep it up but it won't last long. Bitcoin has tendency to nuke 3-4k in one candle lolNote
Here we go..This is just the beginning. It was all over the chart; the news just accelerated this.
US CFTC Sues Binance CEO Changpeng Zhao
Note
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.
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.