ponzialchemist

Bearish Cypher Pattern

Long
BITFINEX:BTCUSD   Bitcoin
I expect a bounce to the resistance channel at 33.8/34 area after CME/day close. This can be a very good short opportunity if you are not already short.
Comment:
I am not trading this.
Comment:
Harmonic patterns seem to do really well in ranges where EW might struggle, let's see.
Comment:
Seems like market is not friendly enough to give another chance to short :) Very weak.
Comment:
Price is very weak, a lower target idea.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.