Still watching for 74.5-75K target

10 giu

Morning folks,

Mostly this idea is a continuation of the previous one, but there I've put too many updates already. So let's make the new one...

BTC also was hurt a bit by NFP numbers on Friday but not as strong as EUR or Gold market. We suggest that it keeps bullish context valid. Besides, we've got bullish grabber on Friday as well. Our nearest upside target remains the same - around 74.5-75K area.

The trades that you could make here are depend on pattern that you would like to follow and personality. Speaking about big reverse H&S - nothing has changed here. You could wait for 63-64K area where the right arm should be formed, you apply gradual accumulation of the position.

Since we had bearish reversal session on Friday, market could move slightly lower and if you're aimed on the butterfly, you could wait for slightly deeper retracement.

Finally the grabber - if you want to trade grabber then you need to buy right at current levels. Or you could combine it with butterfly trading as well... THey have just slightly different stop levels.

So, choose your poison. :)