When I saw this I was a little confused.... but, after further review, I think you are mostly correct. I think your cypher pattern is very likely to play out. However, i do think your Head and Shoulders is a bit premature.
Consider this:
Left Shoulder - Check
Head - Check
Now
if the C-D leg plays out as drawn - likely
15.8-17K price will meet resistance (triple top) and retrace to Red-line at B (Start of the left Shoulder)
Another Surge towards 15.8-17K (completes the inverted H&S - which is a clear reversal signal)
Then
The inverted H&S with an 86% chance of completion to its potential could play out.
Full potential of inverted H&S $25.8-27K
Thoughts?
FarhiMehdi
⋅
@cblewis_78, yeah you right bro i think BTC will hit 28K in the end 2018
When I saw this I was a little confused.... but, after further review, I think you are mostly correct. I think your cypher pattern is very likely to play out. However, i do think your Head and Shoulders is a bit premature.
Consider this:
Left Shoulder - Check
Head - Check
Now
if the C-D leg plays out as drawn - likely
15.8-17K price will meet resistance (triple top) and retrace to Red-line at B (Start of the left Shoulder)
Another Surge towards 15.8-17K (completes the inverted H&S - which is a clear reversal signal)
Then
The inverted H&S with an 86% chance of completion to its potential could play out.
Full potential of inverted H&S $25.8-27K
Thoughts?