Sive-Morten
Long

Bitcoin could show deeper upside retracement if...

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Greetings, guys

as BTC stubbornly stands right under major 3/8 resistance, it could mean preparation for the attempt of upside breakout. We see multiple patterns on intraday charts,
that specify targets and could make our life easier for identification of either bullish context or its failure.

On daily, if we will be right on deeper upside retracement, we will keep an eye on "222" Sell pattern, because on daily chart our context is bearish , and we still keep valid our scenario with 5900 target.

For detailed information on intraday patterns, precise targets - please visit our signature link, dedicated to BTC analysis.
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