Sive-Morten

9000 then to 7'500?

COINBASE:BTCUSD   Bitcoin
Morning folks,

So, our riddle is resolved relatively fast, which mostly confirms our doubts on upside perspective that we talk about in recent month. Now, we're watching for butterfly with 9K destination point and
challenging of recent lows. As recent downside action perfectly corresponds to idea of H&S pattern failure and erasing of upside 15.3K upside scenario, it is simultaneously confirms scenario with retracement to 7500K area within few weeks.

9K lows are important for BTC. Breaking through them will erase weekly bullish pattern and provides final confirmation of our daily large AB=CD pattern.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.