COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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...
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