8000-8145$ to tight stops and book some profit

Morning guys,

Just minor update. BTC is approaching to our first target - H&S AB=CD pattern, based on the head and the shoulder. It stands at 8145$. Be careful around 8K area, because this is also daily 3/8 Fib resistance. So, some turbulence could appear around and reaching of the target could be choppy.

Once target will be hit - be prepared to downside pullback.

Ultimate target of H&S should be around 8.9K, which agrees with another daily Fib resistance. But whether BTC will go there or not we could say only when we see how market will react on first target...