We have a cypher pattern now showing on CROBTC for a move back up. Obviously we are still looking bearing overall as previous structure has not been broken but there is definitely room for a move back up to the 38.2 retracement or extended targets of 61.8.
There is structure support at the bas of the bullish cypher so provides further buying pressure once...
Having broken free of the effective pullback we are now looking to continue the negative trend towards a bearish move overall. Stop marks may be previous structure looking left, where there may be some buying pressure, and going past that for extended targets really is deep lows.
Very limited moves on the 4hr charts but minor pullback may be used to see 50% retracement nearly reached. Combined with a Bearish Flag Pattern may give indication of a bearish move down. Staying in the channel lines and possibly moving lower to break structure. Highs now of 0.-434 before the move down.
The price of CRO against BTC appears to try and break the 10EMA on the weekly chart. It is also forming a double bottom on the weekly chart.
This could signal the possible bottom for CROBTC and it is likely that the next big move on the price is coming if the price can close above the 10EMA (~420 satoshis).
The price also following a pitchfork channel quite...