Sive-Morten

Retracement today and new daily target

COINBASE:BTCUSD   Bitcoin
Morning folks,

So volatility is back and BTC has completed not only our 1.27 butterfly but 1.618 that is also daily COP target. As price now is overbought on daily, we suggest pullback today, at least to 10.5K 4H support level. It is suitable for buy trade, as upside pullback should be at least for 5/8, or even direct upside continuation. Anyway, nobody denies using of b/e stops, right?

Once retracement will be over, our next daily target is ~14.65K


Penafian

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