BTC Update! Awaiting confirmation on larger time frames

Good morning ladies and gents! Bullish divergence is starting to pick up on the larger time frames, although I will not open a position until the four hour is confirmed! For now, you have already hit one of our retrace targets at $11,800 at the .382 fib retrace, although you still could run up between $11,800 and $12,335. $12,067 being the .5 fib retrace. I am looking for one more move to the downside to hopefully confirm bullish divergence or convergence on the four hour time frame. As of now, we have bounced off of the .618 around $11,007 which is the second target of the Bearish Cypher Pattern. If we were to surpass $11,007 once again, our next target could be at the potential .778 retrace at $10,400 or the .886 at around $10k. I don't know how likely it is for those targets to be hit though. Anyways, I wish everyone a great day and hopefully I was able to provide you with some insight on potential plays and reentries. And keep in mind, you are still in profit taking levels for shorts!