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JhonCortas

Cypher and Double Top Pattern

1000SHIB / TetherUS PERPETUAL CONTRACT (BINANCE:1000SHIBUSDT.P)  
JhonCortas Updated   
BINANCE:1000SHIBUSDT.P   1000SHIB / TetherUS PERPETUAL CONTRACT
Cypher Double Top or Bottom Support and Resistance
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cypherpattern doubletoporbottom supportandresistance
All Fibonacci retracements and extensions satisfy the Cypher pattern, and I am going short after the upcoming price has surpassed the break-out line. We should also be careful as BTC is still consolidating now, which may affect this pair after substantial price movements. That is also why I recommend that everyone implement trailing stop loss. If CD retrace to 0.786 of the XC swing leg, I'll go long.
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