Time for a new LOW
Updated
My last idea of this bullish wave is now completed.
Now the cypher pattern is complete so it means there is a great possibility to make a new low near 28k
Now the cypher pattern is complete so it means there is a great possibility to make a new low near 28k
Note
An interesting pattern has been taking place since the end of 2021. Basically, price is retesting the upper line of the descending megaphone before making big downside movements. This is why I think price can still form a double top or a HH at around 34,3k-34,5k. I will be looking to short heavily from that area.
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