Now we're investigating upside retracement on daily chart, which could happen by one of the three patterns - "222' Buy", Double Bottom or butterfly "Buy". As '222" Buy already stands in place - we're watching of market reaction on it. Yesterday we've talked that upside action could start by H&S pattern, and indeed, market hit the neckline and now is forming right arm. But, now it seems that arm is overextended to the downside and breaks the harmony of the pattern. This makes it weaker.
Anyway, if H&S will hold, we could get action to 4100, as AB-CD target of this pattern. Conversely, dropping below recent lows and moving back to the head means that daily '222" triggereed only minor reaction, and next pattern stands on horizion, which is Double bottom. It means that BTC will drop back to daily lows...
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.