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

It seems that our 3-Drive "sell" Setup works nice by far and market comes to the final target, which is lows between 2nd and 3rd drive.
Daily grabbers that we've mentioned yesterday have the same destination point.

But what will happen next? Well, since upside rally has not bad pace, it is logical to suggest deep retracement, which, in turn, leads us to possible H&S shape.

And, as it always happens, the top of right arm is a key to next direction. If BTC market indeed is bullish , it should break 5500$ potential right arm top. In this case we expect failure of H&S and challenge of 6500 area

Conversely, downside reversal around 5500$ will trigger H&S pattern, with downside AB=CD target around major daily 3/8 support of 4600-4700$ area.

This is our short-term expectations. In nearest 2-3 session we're watching for final leg to 4900 lows and starting of deep upside bounce to 5500$, and then we'll see...

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