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bmohammadh1
Oct 5, 2021 12:24 PM

Bitcoin: possible short position 

Bitcoin / TetherUSBinance

Description

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
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