Sive-Morten

Reaction on 9K target

COINBASE:BTCUSD   比特币
Morning guys,

BTC shows response on major daily 9K target, which is also strong Fib support area and former oversold level. Now we could recognize Morning star candlestick pattern on daily, which takes the shape of reverse H&S on 4H chart
This is common thing.
Thus, within 2-3 sessions we will deal with this pattern. As usual, those who wants to go long - keep an eye on right arm's bottom with stops below the head, while bears should wait when H&S hits the target. AB-CD upside pattern
will give us "222" Sell.

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