$ALGO / $BTC Update 4 Bearish Cypher in play now?

The Bullish Cypher has played out ladies and gents! We hit our PCZ and I took a position at 563 and 555 sats! I have taken some profit at two different targets, but now is where we need to start looking for Cypher pattern Targets. We're talking about potential price reversals to the downside between the retrace of the .786 also at wick A and also the 100% retrace taget at wick C. Right now, we have a potential Bearish Cypher in play and I do plan on taking complete profit in the pink Box if bearish divergence is showing. I will be taking profit regardless, but bearish divergence will determine if I take 100% profit or not. As of now, you have no bearish divergence and honestly it wouldn't be out of the norms if we sold off between 38% and 62% of our value gained before reaching the pcz of the bearish cypher and also creating bearish divergence. Just like what we saw with the bullish cypher. Before we hit the pcz, we bounced in price action for a 38% retrace before selling off to the PCZ forming Bullish Divergence. I am still holding some of my position in ALGO as of now. You are showing slight bearish divergence on the one hour time frame on the MACD. This may play out and we may potentially see a retrace before again "hitting the PCZ" of the potential Bearish Cypher! I hope everyone is doing well and we'll see what happens :D