BTC/USD Potential Bearish Cypher Pattern #Bitcoin $BTC
Short at the .786 PRZ with stops above new highs. Take some profit / move stops to break even at the .382 retracement and close the remainder at .618.
I enjoyed this short video on this pattern.
Simplified image via Google search.
If you're already long, stay long otherwise consider that the 13 EMA is suppressing price at the moment so you might want to wait for a deeper retracement into that yawning chasm in the volume profile with stops below new lows.
I occasionally post unpublished ideas / charts on Twitter: @grahvity
I enjoyed this short video on this pattern.
Simplified image via Google search.
If you're already long, stay long otherwise consider that the 13 EMA is suppressing price at the moment so you might want to wait for a deeper retracement into that yawning chasm in the volume profile with stops below new lows.
I occasionally post unpublished ideas / charts on Twitter: @grahvity
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Bullish AB-CD, fib extentions concur with PRZ.
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PRZ hit.
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