Sive-Morten

4040 is first minor target

Panjang
COINBASE:BTCUSD   Bitcoin
Morning guys, welcome back, we hope that you had a good Xmas and New Year's day time.

Mostly BTC supports our scenario with daily H&S pattern and now we turn to final stage - action to the target. Two entry opportunities have worked well. First was on the bottom of the right arm, second - on minor retracement, based on our hourly H&S pattern.

Now, as we have minor H&S on hourly chart as well, we will follow to its targets first, and turn to daily H&S second. First target is AB=CD based on the head and right arm. It stands at 4040 area.

Penafian

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