Bearish Cypher Pattern on Btc with 4 hour bearish divergence

Тема в разделе "English", создана пользователем Trading Ideas, 10 июл 2019.

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    Bearish Cypher Pattern on Btc with 4 hour bearish divergence
    BTC/USD COINBASE:BTCUSD
    James_Glenn
    9ijZiYlU_mid.png
    Alright, so the bearish cypher pattern seems to be playing out. You also formed bearish divergence on the four hour running up to 13200 this morning before the dump. I wouldn't recommend trying to buy in at these prices until we see coinciding variables like perhaps bullish divergence after another impulse or two down. Or we could definitely continue, but those are the targets for the bearish pattern . I also did not take a short because it is a overwhelmingly bullish trend . That being said, I did take profit at 13k and am looking for reentry at the moment.
     
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