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Sive-Morten
Dec 26, 2018 6:24 AM

Up to ~ 4000 and down to 3500$ 

Bitcoin / United States DollarCoinbase

Description

Morning guys,

Everything stands according the plan. Market shows respect to our ~4000$ strong resistance area, which includes two Fib levels and intraday 1.618 AB=CD target that we've talked last week.

Since we're watching for H&S pattern on daily, we need to get the last part - right arm. As market has formed bearish reversal swing here, first upside pullback should be, approximately 5/8 to ~4000$ and next we expect CD leg
down to ~3500$. That should be the moment where we need to make decision on long entry.

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