Good morning ladies and gentlemen! I believe Algo is about to get real fucking crazy real soon! After a crazy impulse down followed by a wild downward consolidation, we may actually finally hit out PCZ of the Bullish Cypher pattern. This may seem crazy right now, because all you see is Algo dumping, but if we are seeing Bullish divergence at the .786 at around 560ish sats, then I am more than likely taking a long position! You're targets of entry are in the highlighted teal box. Breaking below that is not the best sign, and I do recommend placing a stop under the .886 at around 525 sats! If we hit the pcz and rally from there, Target 1 for Profit Taking is at 671 sats, Target 2. 738 sats, Target 3. 786 sats, Target 4. 847 sats and this seems like a long shot, but it is very possible and Target 5 would be at 1023 sats!
Trade active
Ladies and Gentlemen! We just happen to have Bullish Divergence with Downsloping Consolidation after an Impulse up and currently at the PCZ... I believe this is a very safe entry! Stop losses and targets are listed above!Trade active
1st Profit taking Target hit!Trade active
Second Profit Taking Target hit!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.