Bitcoin: weekly timeframe
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After a long time I finally noticed this. Something made me BC before I spotted the pattern and then it just jumped out of the screen... Maybe I have spotted it and forgot about it lol idk. someone let me know in the comments below 😂
''Took you long enough'' they say! Hehe good one!!
Here we see a cypher pattern.. Hanging man / spinning top can be spotted at the reversal zone. Notice last week price action formed another hanging man giving the bearish signal after hitting the fibonacci circle plotted from B-D.
B, C & D also make up a fibonacci triangle with the 1.272 price extension in more than 5.00 time extension, suggesting that the buyers are weak and the sellers are gaining the upper hand here.
Make sure to check out the related ideas for more information, and see some set-ups appearing on the daily and intra-day charts
Good luck to everyone trading Bitcoin!
''Took you long enough'' they say! Hehe good one!!
Here we see a cypher pattern.. Hanging man / spinning top can be spotted at the reversal zone. Notice last week price action formed another hanging man giving the bearish signal after hitting the fibonacci circle plotted from B-D.
B, C & D also make up a fibonacci triangle with the 1.272 price extension in more than 5.00 time extension, suggesting that the buyers are weak and the sellers are gaining the upper hand here.
Make sure to check out the related ideas for more information, and see some set-ups appearing on the daily and intra-day charts
Good luck to everyone trading Bitcoin!
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