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moneyflow_trader

bitcoin to 4k? bullish cypher on monthly look for D leg

Short
Bitcoin (BITSTAMP:BTCUSD)  
moneyflow_trader Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Harmonic Patterns Chart Patterns bitcoinforecast btcusdshort
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trendanalysis harmonicpatterns chartpattern bitcoinforecast btcusdshort
looking at bitcoin monthly chart, I see potential bullish cypher set up. The bottom channel trend line, is now acting like resistances against bitcoin, I anticipate a minimum retrace to B leg of the bearish cypher. From there look for price action to continue to correct in downward trend towards D leg of the bullish Cypher, a scam wick can have it touch 4k.. Looking to go long near D leg of Bitcoin on the monthly chart
Comment:
looks like one big reverse triangle (ABCD) pattern
snapshot
Comment:
that would be beautiful. Similar to TLT 20yr treasury as well
Comment:
my 20yr TLT etf (my retirement plan, slow and steady rich plan) looks very much like btcusd on the monthly chart
Reverse Triangle (ABCD) set up, D leg of the bullish Cypher
Comment:
using a pitchfork combine w/ wave analysis.. The Technical analysis looks like my oil chart, which I have going to minimum $70
snapshot
Comment:
likely playout throughout the whole entire year, not a quick drop down
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