Morning guys, Market shows very weak reaction on any bullish patterns that was forming on intraday charts. Current situation is not an exception. This makes us to wait for 1.618 butterfly target on daily chart around 2900$. Reaction on 1.27 target was just minor harmonic swing. Once trend stands bullish by MACD but price shows flat action - this makes us think...
Greeting everybody, We're still watching for extention of upside retracement and patterns that could trigger it. Since taking of bearish position is postponed on indefinite time, because we need to wait either when upside retracement will be over or for clear signs of BTC failure and downside action. Now we do not have anything of this kind. For short-term...
Morning guys, Now we're investigating upside retracement on daily chart, which could happen by one of the three patterns - "222' Buy", Double Bottom or butterfly "Buy". As '222" Buy already stands in place - we're watching of market reaction on it. Yesterday we've talked that upside action could start by H&S pattern, and indeed, market hit the neckline and now...