Short

Bullish Cypher Pattern

Updated

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

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 lol

Note

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

ir0nhand

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Bitcoin correction soon!

by ir0nhand

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