COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Morning guys,

As we've suggested the price action around right arm's top of our H&S pattern will give us the direction. Now we've got it, direction is up.
We have multiple targets above, but right now it is more interesting how to jump in.

We think that it would be better to wait for some pullback. This could give us few different patterns. Thus, we could get DiNapoli B&B "Buy" on 4H chart around major 3/8 Fib support, and/or "222" Buy pattern as well.

Jumping in right now provides unclear risk/reward ratio and could be costly.

Besides we warn you - keep an eye on 5840$. Although BTC behaves strong on daily, breaking through major 5/8 resistance area , we still have there the risk factor - possible 3-Drive "Sell" pattern, which could start from 5840. Thus, if surprisingly, BTC starts dropping around this area - don't take long position and wait.

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out