*Only trade or buy/sell at the breakout*
We may have a Potential long term Cypher unfolding on BTCUSD -2.17%
Option A) If BTC -2.17% breaks up above the blue trendline it will be a short-term retracement back to 38.6% and likely fall to $4K
Option B) However, if it doesn't break above the blue trendline ,
it will descend to the $4K mark.
If it hits $4k, Can buy there and take profit at Fibonacci levels 38.6% and 61.8% ----$11K and or $14500.
TECHS USED: Support and Resistance , Fibonacci retracements, Cypher , Trendline analysis.
Note:
I am not here to spread FUD. So please don't take this personal like someone did on my previous analysis.
One person's analysis alone cannot spread FUD. If it helps someone, then great, but you are not obliged to follow anyone's analysis on TV or elsewhere.
We can forecast based on technical tools available to us, but we cannot guarantee anything.
A lot of Crypto movements are based on Fundamentals so please trade or invest carefully
Good luck trading or investing.
We may have a Potential long term Cypher unfolding on BTCUSD -2.17%
Option A) If BTC -2.17% breaks up above the blue trendline it will be a short-term retracement back to 38.6% and likely fall to $4K
Option B) However, if it doesn't break above the blue trendline ,
it will descend to the $4K mark.
If it hits $4k, Can buy there and take profit at Fibonacci levels 38.6% and 61.8% ----$11K and or $14500.
TECHS USED: Support and Resistance , Fibonacci retracements, Cypher , Trendline analysis.
Note:
I am not here to spread FUD. So please don't take this personal like someone did on my previous analysis.
One person's analysis alone cannot spread FUD. If it helps someone, then great, but you are not obliged to follow anyone's analysis on TV or elsewhere.
We can forecast based on technical tools available to us, but we cannot guarantee anything.
A lot of Crypto movements are based on Fundamentals so please trade or invest carefully
Good luck trading or investing.
Comment:
Price action heading towards 38.2% Fib $11,216.
Comment:
So Price formed a lower high on the 23.8% fib. I wonder if its reaching for the $4k-5k mark now... lets keep watching
Comment:
Price at $6621... we’re definitely heading towards the $4k mark now. Can’t wait to buy there
Comment:
Price action at $5876 today. About $1800 less and I'll start buying
Comment:
great time to buy