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ChArtWorks_TechnicalArts
Dec 8, 2019 2:33 AM

Bitcoin Bearish Cypher (61.8%) retrace Idea 

Bitcoin / United States DollarCoinbase

Description

Good afternoon, just an update on the potential Bearish Cypher pattern if we run up to the 61.8% retrace before selling off.

-Common, but least likely-

We hit our .382 and my ideas for what we may be in the makes for are already posted. Now it's time I post the 50%, 61.8% and 78.6% retraces if we ever hit them.

For the Bearish Cypher , just like the 38.2% and the 50% retrace, we are still looking for a sell off between the 113% and 127.2% retrace before that divergence plays out to the upside.

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