Not the cleanest B & C points but reaction with the wick at 786 as typical Cypher.
Price rejected at 786 (pink) and currently testing Daily 100 SMA, also DT on H4. This 786 could be B point of potential Butterfly with D around 33k. To see that need more downside to get C at least to 382.
That may work if Bearish BAT below, already in play reach TP1-382. Currently testing 50% (orange)of the last wave and Daily 100SMA as mentioned. That level (50%) could also work as a C point for potential ABCD pattern if will not see a further drop.
The long- term long even if the price will drop to the lower take profits levels of the BAT.
PS. I post most of my ideas in the Polish language to develop polish TV community. Feel free to take a look. I guess the chart speaks internationally =)
Price rejected at 786 (pink) and currently testing Daily 100 SMA, also DT on H4. This 786 could be B point of potential Butterfly with D around 33k. To see that need more downside to get C at least to 382.
That may work if Bearish BAT below, already in play reach TP1-382. Currently testing 50% (orange)of the last wave and Daily 100SMA as mentioned. That level (50%) could also work as a C point for potential ABCD pattern if will not see a further drop.
PS. I post most of my ideas in the Polish language to develop polish TV community. Feel free to take a look. I guess the chart speaks internationally =)
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linktr.ee/kuba_san
linktr.ee/kuba_san
