BTC and ETH Bearish Cypher Patterns

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Becoming a Professional Trader takes the ability to look at both sides of the trade.

The Image Above is BTC on the 4hr Timescale, there is a textbook Bearish Cypher Pattern forming on both BTC and ETH. The image below is ETH on the 4hr Timescale:


ETH Bearish Cypher Pattern 03.07.21.png



Now let me show you the exact same charts MoonBoy Edition. You will see why we must as Traders always be on the tips of our toes. This kind of contrarian view is what will begin to separate you all from the other fish out there. Trading is a zero sum game people and do not forget it. Just because you turn on the bots to limit emotion and irrational decisions you are still in the driver seat.




Ok BTC/USDT MoonBoy Edition on the 4hr Timescale:


BTC MoonBoy Target Range 03.07.21.png


Wow Top Traditional Target of BTC is $65k. Don't get all jumpy on me here friends be smart and weigh both sides.



Ok ETH/USDT Moon Boy Edition on the 4hr Timescale:


ETH Breaking Neckline 03.07.21.png



In my humble opinion the Bearish Cyphers are Bearish Patterns in a Bullish Market so therefor the probability of Bearish Patterns in Bullish Conditions playing out is vastly decreased. I believe the Bearish Cyphers because of only being on the 4hr Timescale and not visible on the Daily Timescale will be invalidated in the next few days. The Bullish Inverse Head and Shoulders Patterns are much more valid in these kind of conditions. I will be keeping a very close eye on these charts the next week to confirm that the Bearish Cyphers become Invalidated.


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