Moorsc0de

BTC plunges- Harmonic Transformation as well

Moorsc0de Updated   
BITFINEX:BTCUSD   Bitcoin
BTC took an unexpected but highly possible plunge through secondary support after SHARK formations failed to complete for strong rallies up.BTC now sits on its primary horizontal support. If it falls through the primary support- there is some serious issues going onn with the future of BTC. Also we have a new transformation with the harmonic. We went from a possible Gartley to now a Cypher pattern with C leg on the primary support. I am not very hopeful of a full completion of this harmonic.. could be a secondary failure of the Cypher but by then we will be back in the trading range. Best opportunity for buys is at primary support.
Comment:
Pattern Call Valid

Moorsc0de aka Crypt0nomics aka Zaphkiel
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