bmohammadh1

Bitcoin: possible short position

bmohammadh1 Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hey there!

Pattern: Cypher pattern is obvious.
Price: Bitcoin looks bearish after hitting PRZ of cypher pattern between 50700 and 51000. According to VP and previous price movements, 44800-45000 would be a perfect point to buy the dip.
Time: Based on both BTCUSDT and USDT.d price charts, Oct 7th looks like a perfect day for BTC to dip... so keep an eye on it.

Also, take a look on our last ideas
Comment:
This idea was posted well before reaching the ATH and the following dump... As a short-term trader, if you'd loaded the new bars you would have exited the market at the end of Butterfly harmonic pattern
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.