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
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