July has been a crazy month for BTC, first we started out with a very clear head and shoulders pattern, but as well know, that was rejected, and we soared upwards.
That was a clue to me that we were entering potential bullish cypher, as such I drew one on the chart and waited to see what happened. I have noted my entry points so as you can see that I did not enter for most of the month, while I waited for a clear direction to form.
Once I saw the cypher pattern validate itself, I entered.
The only question remains, will the pattern complete 'textbook' taking to 28k and then back down to 20k before entering a parabolic rise breaking this lower range?
Or will we see something bizarre happen?
My money is on the pattern holding true, market makers will want to ride the volatility as long as possible; they see the same chart I'm show likely; they know whats up.
Get ready to close longs over this weekend.
That was a clue to me that we were entering potential bullish cypher, as such I drew one on the chart and waited to see what happened. I have noted my entry points so as you can see that I did not enter for most of the month, while I waited for a clear direction to form.
Once I saw the cypher pattern validate itself, I entered.
The only question remains, will the pattern complete 'textbook' taking to 28k and then back down to 20k before entering a parabolic rise breaking this lower range?
Or will we see something bizarre happen?
My money is on the pattern holding true, market makers will want to ride the volatility as long as possible; they see the same chart I'm show likely; they know whats up.
Get ready to close longs over this weekend.