Retracement at least to 3900$

29 нояб. 2018 г.

Morning guys,

yesterday we've talked about possible sell trade around 4300$ K-resistance area, which also was an Agreement with our AB-CD pattern.
As a result we've got "222" Sell, which suggests at least pullback to 3900$ area. Although drop could be stronger, since bearish momentum still stands here and BTC now shows first moderate
upside retracement after collapse.

Our major focus on daily chart, where we're watching for DiNapoli direction patterns - either B&B "Sell" or DRPO "Buy". Which one will be formed depends on price action within 1-2 sessions.