Bitcoin could be ready to shred a few dollars.

Cryptic Traders, BTC came out of a bear Cypher and straight into forming either a bull bat or a bull cypher with XAB and possibly C (if a bat) completed. See RSI in over bought territory suggesting more BAT. So a break of the trend line (red triangle line) could result in a move down to $789. A break of $1075 could see a move to $1158 before a retracement to $839.