4050 minimum target of 3-Drive "Buy" pattern

6 gru 2018

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 bullish trading, BTC has formed 3-Drive "Buy" pattern on 4H chart. It suggests action above 4050$, but also could become the starting point of greater action.
If you have bullish view, you could think about it. Pattern will be valid until market holds the lows. For position taking minor 3/8 retracement could be used on 1H chart, or some bullish continuation pattern, say "222" Buy.