grahvity
Short

BTC/USD Potential Bearish Cypher Pattern #Bitcoin $BTC

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Short at the .786 PRZ with stops above new highs. Take some profit / move stops to break even at the . 382 retracement and close the remainder at .618.

I enjoyed this short video on this pattern.
Simplified image via Google             search.

If you're already long, stay long otherwise consider that the 13 EMA is suppressing price at the moment so you might want to wait for a deeper retracement into that yawning chasm in the volume profile with stops below new lows.

I occasionally post unpublished ideas / charts on Twitter: @grahvity

Comment: Bullish AB-CD, fib extentions concur with PRZ.
Comment: PRZ hit.

Comment:
Great work Tim - Hope all is going well with you
+1 Reply
grahvity Cryptoelite
Thanks, man. Hangin' in there. Be safe!
Reply
So funny when I see deformed insects and animals :)
Reply
I think thé new low will be at 395 $. This support is not visited since few months.
+1 Reply
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