Chart posted 8-14-2021 approx 6:15pm Well the broad top played out- only for a moment. I am inclined to believe BTC has more upside to go. reason is we should have already seen a sudden drop in price action. Instead we have only seen a slowing of it- and the price is stubborn to go back down below the critical support (black and white line).. we have created price action above it. The earlier call on the patterns led me to think prematurely we had a bearish pattern, but when things went up and have remained above support it appears we had a Bullish CYPHER that slowed the price action down- and has yet to play. I think when it does we will be in yet another bullish pattern which is going to be very crazy with its potential. Keep in mind this is a very early call- Set your stops. I entered earlier this afternoon. I am bullish if we stay above the support resistance points. The blue box is a boundary for expected price rises and additional supports. If this plays out- I think we could very well see 60k AS A FINAL TOP. I have reason for this that will be communicated later. CHEERS!
Trade active:
Entered trade earlier today around 47900
Comment:
this chart does not have the timing aspects aligned- I posted this pretty quickly.. so do not reference this for timing.. this is posted as a chart for price action only. I have a diff chart that has the timing points charted a bit better. FYI
Moorsc0de aka Crypt0nomics aka Zaphkiel
