BTC-USD: Expected targets initiated.

Hello All,

Couple days back in my updates I mentioned that BTC will most likely head back to 8800 zone. (If you have not seen that here is the link tradingview.com/chart/BTCUSD/DzTp6P9M-BTC-USD-8800-before-continuation-to-11000/)

I do believe that PA we saw today has initiated those targets (9100-8800 zone).

Not only that we have almost perfect looking H&S pattern on CME Daily chart which has targeted move in similar lower area (8250-8000 zone). This pattern is also backed by strong sell signal on Shepherd indicator (lower panel, white arrows)

I do expect a strong bounce from 8800-9100, this is also the zone where we have 3D Trend Maker ribbon (this ribbon has been the deciding factor in BTC PA).



(For more info about the indicators I use, you can send PM to me on TV or Disc link below)

Happy and safe trading...
Chao...