I'm 100% bullish on BTC but just stating the obvious here... Be ready for a retracement at the 12200 area where we could see the cypher pattern completion and also 786 & 886 retacment's are lying in that same same area.. Thoughts?
1. Please like and follow 2. Price has tested the 50/618 fib level 3. Very clear head and shoulders pattern 4. Elliot impulse wave
XRPUSD SHORT IDEA.. Retesting Major Resistance Area..
If price closes below 1857 on the daily chart, sell... Enter at close below 1857 Stop 1975 TP 1, 1749 TP 2, 1660 TP 3, 1573
Enter 1890 Stop 1915 take profit 1851 target = 39 pips
Enter @1952 Stop @1977 Take profit @1907 Target = 45 pips
We’re still in play on the triangle today. After the symmetrical triangle was compromised earlier by manipulation we have formed an ascending triangle on the 4 hr chart... We have broke through and tested the weekly 200 moving average which tells me to expect a move down. Once again, I believe we will have a double bottom before moving up.
BTCUSD Bear Flag At The End Of The Triangle....
Please like this idea and give feedback :) Expecting a move lower before we move up. Possibly a double bottom or some sort of strong signal. As long as we dont close below 1414 we could have a Cypher pattern setup forming... 1. Fib retrace X-A = 382 can't close above 618 2. Fib Extension X-A & back to X = 127 can't close below 1414 3. Fib retrace X-A = D...
Retrace to the .50% fib / consolidation / Higher high / retest / higher high?...
BTCUSD RSI Divergence/ Double bottom 2 hr chart Double bottom
Is BTC setting up for another cypher pattern? As long as we don't close below .1414 fib there is a good chance we will have a D completion