BTCUSD has met my requirements for a Cypher Harmonic Pattern to the C point
- BTC has completed my C Leg and we shall wait for the price to make its way towards the D Leg entry point.
- Divergence has formed on the 4 Hour Timeframe and the bearish movement has started trending
- Price has also found structure around the 50EMA. Price broke & retested and is now continuing bearish movement
- Looking for the D Leg to complete around 7070-7360 price range with a Stop Loss @ 5956
As always if you found this idea helpful, please let me know by hitting the like button and/or leaving me a comment below.
Also feel free to share your opinion on this setup, or other setups that you have on your radar for the BTCUSD. The more ideas we can generate the more informative these ideas become for newer traders.
~T$
- BTC has completed my C Leg and we shall wait for the price to make its way towards the D Leg entry point.
- Divergence has formed on the 4 Hour Timeframe and the bearish movement has started trending
- Price has also found structure around the 50EMA. Price broke & retested and is now continuing bearish movement
- Looking for the D Leg to complete around 7070-7360 price range with a Stop Loss @ 5956
As always if you found this idea helpful, please let me know by hitting the like button and/or leaving me a comment below.
Also feel free to share your opinion on this setup, or other setups that you have on your radar for the BTCUSD. The more ideas we can generate the more informative these ideas become for newer traders.
~T$
