BTC at the Pattern Completion Zone of Bearish Cypher Pattern

Dylan S
Dylan S
March 10, 2021, 1:57 PM UTC

Let me show you how opposing factors can sometimes get a little tricky!

In this short article I would like to talk about BTC/USDT on the Daily Timescale:

There are often times in trading when you will find many opposing factors to support both the Bulls and the Bears. This action we are witnessing on BTC in the past week is a clear cut example with so many bullish factors there can still be one last hurdle and that is the PCZ of this Bullish Cypher we are currently testing right now. With a small sell off taking place now we will want BTC to test 52K for support with a well defined bounce which it has never done in history. You and I are watching an epic piece of history. The battle of the Bulls for $52k! Once clear of the PCZ it could easily be a pretty consistent shot to new All Time Highs. Trading is always about viewing both sides.

Stay Strong Friends!!

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