BTC Update!
Timeframe: 1Hour
Pattern: Rising Wedge which is often leads to the downside.
Bullish Cypher Pattern - currently ongoing from leg c to d. The target for d leg is 1.272 which is 42300 area to 2.000 which is 40880. You can consider the snr zone of the following areas. $BTC
Note! Immediate support is @42800 area which is according to coinglass there is a ton of liquidity.
If you have short position, consider holding it until it reaches the update. Completion of cypher pattern will leads us for a bullish momentum targeting 44500 for leg A and 44,800 area for leg C.
I’ll provide update later on today. Have a blessed monday everyone.
#BTC
Timeframe: 1Hour
Pattern: Rising Wedge which is often leads to the downside.
Bullish Cypher Pattern - currently ongoing from leg c to d. The target for d leg is 1.272 which is 42300 area to 2.000 which is 40880. You can consider the snr zone of the following areas. $BTC
Note! Immediate support is @42800 area which is according to coinglass there is a ton of liquidity.
If you have short position, consider holding it until it reaches the update. Completion of cypher pattern will leads us for a bullish momentum targeting 44500 for leg A and 44,800 area for leg C.
I’ll provide update later on today. Have a blessed monday everyone.
#BTC
