Update to the Gartley chart..
This pattern appears to have formed due to additional downside - initially thought to be a Gartley but additional downside has rendered the Bullish Cypher pattern.. so expect some mild upward momentum to the upside. One thing about trading harmonics is they are very fluid and so the smaller patterns can sometimes render to the longer patterns. I do not anticipate any lower on this, but the buy will need to be quick. If there is more downside... whales are trying to be very petty tonight with gains lol.. but we are also seeing heavy sell pressure as the price of BTC departs from All Time Highs.. so the pattern setups are here, but buyers are no in large supply..but I think we may see a heavy push upwards in the AM (maybe)
Target is listed- expect resistance on this pattern and even a early failure. BTC is not showing the best bullish potential.
This pattern appears to have formed due to additional downside - initially thought to be a Gartley but additional downside has rendered the Bullish Cypher pattern.. so expect some mild upward momentum to the upside. One thing about trading harmonics is they are very fluid and so the smaller patterns can sometimes render to the longer patterns. I do not anticipate any lower on this, but the buy will need to be quick. If there is more downside... whales are trying to be very petty tonight with gains lol.. but we are also seeing heavy sell pressure as the price of BTC departs from All Time Highs.. so the pattern setups are here, but buyers are no in large supply..but I think we may see a heavy push upwards in the AM (maybe)
Target is listed- expect resistance on this pattern and even a early failure. BTC is not showing the best bullish potential.
Moorsc0de aka Crypt0nomics aka Zaphkiel
