snowdrop194
@t_snowdrop194
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snowdrop194
The combination of the bullish harmonic cypher pattern with the bullish RSI divergence provides a strong indication of a potential upward trend reversal.The pattern suggests that the price has completed its corrective phase and is poised for a move upwards.The RSI divergence confirms this by showing that the selling pressure is diminishing, and buying interest is likely to increase.ConclusionGiven the confluence of the bullish harmonic cypher pattern and the bullish RSI divergence, traders might look for entry points around the D point with a stop loss below this point to manage risk. The target could be set based on the X-A leg projection or other Fibonacci extension levels. This setup suggests a favorable risk-reward scenario for a bullish trade on the BTCUSD 1D timeframe.
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Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.