2 Bearish Cypher Patterns Bitcoin selling off C wave to $35k tgt
This chart is part 2 of my call of Bitcoin retrace 15k
The 1st bearish cypher pattern had a successful retrace to B leg, and a bounce resulted. This 2nd bearish cypher pattern, will not hold the retest to the b leg, in fact it will breakdown to the bottom of the trendline of the triangle around $35, and possible revisit 30k
Please see the link to the original chart.
The 1st bearish cypher pattern had a successful retrace to B leg, and a bounce resulted. This 2nd bearish cypher pattern, will not hold the retest to the b leg, in fact it will breakdown to the bottom of the trendline of the triangle around $35, and possible revisit 30k
Please see the link to the original chart.
Note
apex breached on 30min time frame Trade closed manually
Trade active
short is back on
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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.