BTC: Cypher Pattern - Short to $5080, the maybe Long

2019年4月29日

Mostly for my own notes and learning....feel free to comment with constructive feedback :-)

BTC also in a Rising Wedge formation presently; and seems rather over-bought to me on the 1HR & below time-frames.

If the [probable] coming Bearish move from circa $5204 to Target $5140 doesn't hold, then we could see Target $5041 (if Cypher Pattern plays-out)

Peace.

2019年4月29日

注释

Rising Wedge is trying to break Bearish right now...we'll see

2019年4月29日

注释

Ok, now that the Rising Wedge has broken Bearish...I'm waiting for 1 or 2 Red 4HR Candles to close below $5160 over the next 24-48 hours.

I'll probably accept two Red (preferably consecutive) 4HR Candles, or possibly just one 4HR Candle with decent Bear Volume, closing below $5160.

If BTC is down at circa $5140 or less relatively quickly, I might wait for a re-test of the underside of $5170 and for any oversold RSIs to cool-off.

2019年4月29日

注释

So, the way I see it right now: The 4HR red Candle is literally sitting on the edge of the underside of a MASSIVE Rising-Wedge ($5,160 price area).

Unless we get significant Bullish Candle over the next 24 hours, my Bias is Bearish.

Looks like the Big Bear-Pennant and bigger Rising-Wedge could be nearly 100% confirmed rather soon. Maybe get prepared to Short the crap out of PonziCoin..err.. sorry, Bitcoin :-)

2019年4月30日

交易结束：到达目标