The same 100-102K target in focus

l’altro ieri

Morning folks,

So, our suggestion that BTC is aimed on 100K and will keep going to it directly seems was correct. J. Yellen resigned, and it was another positive news for BTC.

Anyway, currently we see no reasons to change our trading plan. On daily chart we have bullish grabber, suggesting upward continuation.



So, it is just a few steps until the target. We suggest that some pattern could finalize this action. It might be either butterfly or 3-Drive - they have different shape but the same target. Invalidation point for this setup is 95K lows. THis is for those who trade on intraday charts.

For, greater setups we need to wait for reaction on 100K target. We do not exclude the chance of moderate pullback, so something bearish might be formed there. Let's keep watching.