#BTC
Currently BTC is trading around 94 K and 93 K
As per Daily Chart, a bearish Cypher pattern is forming.
Potential Reversal Zone (PRZ) is between 95K and 97K.
if the price is respected by the above pattern and retrace to the 50% fib ratio around 85 K, Bullish 5 drive pattern will be formed.
1 Day Doji candle is forming at the top of swing and RSI divergence. Weaken buying pressure.
Ichimoku cloud twisted to bullish, but the price and lines are far away. Tend to retrace equilibrium point senkou Span B 85K, will be bounced back to bullish again. Wait for further analysis
Expected retracement around 85K and 86K , then Bullish wave may be expected.