Local top BTC movement
Looking for at least a local top in BTC.
DXY getting to huge support, ES1 in Resistance.
BTC is right now at huge resistance zone, I will be looking for at least a retracement for continuation or to go more lower to test the CC which is at the previous VAH zone.
Cypher pattern forming, getting to a "D point".
X-A --> Big move
A-B --> A retracement between 0.5 and 0.618/ And started forming an ascending channel which is bearish,
B-C --> go between CC and 0.786 retracement and bottom of the ascending channel.
D --> Right now is getting to 1-1 Extension of A-B-C, getting at the top of the ascending channel, Previous POC and CC of the movement,
Also, looking to fib time is getting to 0.618 of A->B->C.
One more last thing, Be carefull, momentum is huge to the upside but in HTF we are still in downtrend. Be careful with short squeeze
DXY getting to huge support, ES1 in Resistance.
BTC is right now at huge resistance zone, I will be looking for at least a retracement for continuation or to go more lower to test the CC which is at the previous VAH zone.
Cypher pattern forming, getting to a "D point".
X-A --> Big move
A-B --> A retracement between 0.5 and 0.618/ And started forming an ascending channel which is bearish,
B-C --> go between CC and 0.786 retracement and bottom of the ascending channel.
D --> Right now is getting to 1-1 Extension of A-B-C, getting at the top of the ascending channel, Previous POC and CC of the movement,
Also, looking to fib time is getting to 0.618 of A->B->C.
One more last thing, Be carefull, momentum is huge to the upside but in HTF we are still in downtrend. Be careful with short squeeze
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