BTCUSDT Cypher Pattern 4h chart
I wish I would have posted this yesterday, I didn't think it would end up (nearly) completing :)
Regardless of the pattern, BTC is basically giving a 50% off sale during the holidays! Thanks BTC!
We're looking at completion of our Cypher pattern at D point, $11,143
A = .382 - .618
B = 1.272 -1.414
X to D = .786
We're looking for price to touch D point, and then reverse.
Wait for it to hit D before entering.
Risk to reward is nearly 2, 1.82. We strive to have a R/R of 2 with the normal strategy, but i really like the resistance at 8,167, and future growth :)
Note: Always draw on your own chart, and ALWAYS look for candlestick confirmation and that the candlestick CLOSES!
You're welcome to repost and share this analysis with credit due!
Learn to trade at sixfigurecapital.com/12.html
Regardless of the pattern, BTC is basically giving a 50% off sale during the holidays! Thanks BTC!
We're looking at completion of our Cypher pattern at D point, $11,143
A = .382 - .618
B = 1.272 -1.414
X to D = .786
We're looking for price to touch D point, and then reverse.
Wait for it to hit D before entering.
Risk to reward is nearly 2, 1.82. We strive to have a R/R of 2 with the normal strategy, but i really like the resistance at 8,167, and future growth :)
Note: Always draw on your own chart, and ALWAYS look for candlestick confirmation and that the candlestick CLOSES!
You're welcome to repost and share this analysis with credit due!
Learn to trade at sixfigurecapital.com/12.html
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