BITCOIN: Wait for pullback to sell!!!

2 Okt 2019

Bitcoin is currently trading between two key structure levels.

After a massive selloff from 10000 level it looks like sellers started taking their profits.
Recently the market has formed a peculiar double bottom pattern, lying perfectly on key support.
+ Row of rejection candles and dodji + RSI divergence give as a clear indication that the market may retrace.

Last but not least is the harmonic bullish abcd pattern with the D point matching with the identified structure.

So my recommendation right now is to look for a pullback to a broken level and sell from there reducing our risk
and increasing the reward.

Good luck!

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