Time for a new LOW
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My last idea of this bullish wave is now completed.
Now the cypher pattern is complete so it means there is a great possibility to make a new low near 28k
Now the cypher pattern is complete so it means there is a great possibility to make a new low near 28k
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An interesting pattern has been taking place since the end of 2021. Basically, price is retesting the upper line of the descending megaphone before making big downside movements. This is why I think price can still form a double top or a HH at around 34,3k-34,5k. I will be looking to short heavily from that area.
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