Sive-Morten

Bearish trade should be cancelled by far

COINBASE:BTCUSD   Bitcoin
Morning folks,

Our previous setup is based on reversal daily session and we've suggested appearing of "222" Sell pattern on 4H chart. Now this pattern stands in place. But yesterday BTC has formed bullish grabber pattern that suggests upside action above the top. In current circumstances, our "222" could give us just minimal target of 30% downside retracement and now it would be better to not count on drop to 10.2K area in a shape of downside AB-CD pattern. Thus, either focus on just minor target or better to not follow bearish setup at all.

Aviso legal

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.