XBTUSD.P
XBT (Bitmex - Bitcoin) situation for the weekend
1h/4h Timescale-Charts
Working on our bullish Cypher pattern from the bounce of Friday (point D) and looking for a possible daily close below 5K at the up-sloping support of the new ascending triangle (and if we break below the point D, lowest tap at 4923 that would invalidate the harmonic pattern.
Otherwise, we can retrace the bullish Cypher pattern to 5198-5248-5263-5356 (We will look at the previous up-sloping support of the first ascending triangle acting now as resistance and an old pennants up-sloping support acting as resistance) otherwise we could see possible zones at 4774-4557-4341
Weekly Timescale-Chart:
Stochastic overbought (85 area) at the weekly timescale.
RSI (55-57 levels) at the resistance zone on the weekly
We will wait to see the weekly closing by Monday. It will be Interesting