3450 retracement stands on the table

Morning guys,

BTC has completed 1st stage of our short-term trading plan and tested 4000$ resistance area. Since this is first upside reversal swing after long dropping - retracement down should be deep.

As our yesterday AB=CD pattern is completed - BTC starts forming H&S pattern. It seems that right arm will take the shape of "222" Sell. Since our major context stands up - we do not call you to trade it short right now,
but this is not forbidden of course. H&S target suggests drop to major 5/8 Fib support on hourly chart and this is our level where we think about long entry