#Bitcoin -EW count & a Potential harmonic: #Cypher #btc #crypto
BTC Bearish count: if support at 7200 is broken
Range for C leg is: 6600-6800
wave C taken 1:1 fib extension of wave A
Above Targets match with a potential bearish Cypher developing on #btcusd
We can see bearish harmonic patterns throughout this downtrend.
First one being a butterfly, with tp: 1.618 Xa extension from D
Second being a cypher
Now third one: cypher is also in development phase, with a possible D(PRZ) around 7700-7800 region below the 61.8fib resistance level.
Range for C leg is: 6600-6800
wave C taken 1:1 fib extension of wave A
Above Targets match with a potential bearish Cypher developing on #btcusd
We can see bearish harmonic patterns throughout this downtrend.
First one being a butterfly, with tp: 1.618 Xa extension from D
Second being a cypher
Now third one: cypher is also in development phase, with a possible D(PRZ) around 7700-7800 region below the 61.8fib resistance level.
Comment:
Currently #bitcoin is making good progress in the C wave of Zig zag correction, which is an ending diagonal & currently we are in the sub-wave 4.
