Sive-Morten

9042$ is next target

COINBASE:BTCUSD   Bitcoin
Morning guys,

BTC shows real strength showing just minor reaction on our OP (AB=CD) target on daily chart and ignoring daily Overbought condition.
No intraday AB=CD retracement down has happened yesterday and BTC just continues upside action. But our B&B "Buy" has done perfect ;)

So, our trading plan suggests two moments. First is - reaching of next target at 9042 area. It stands in wide natural weekly resistance of 8500-10K zone.
Since BTC was in downside action for a long time - bearish momentum still exists on the market. This is the reason for our second stage - watching for signs of retracement after XOP will be hit.

Maybe it will be intraday H&S, daily DiNapoli "DRPO "Sell" or something. But somewhere around 9K area moderate ratracement should start, at least by technical reasons.

This is our setup for few sessions...

Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.