Either directly to 9040 or 7260 first

21 Mei 2019

Morning guys,

Our yesterday setup with "222" Buy has done perfect, but today we want to warn you about tricky moment on BTC.

Although it makes no impact on the final target, but it suggest two scenarios on how BTC will reach it. First scenario is simple - streightforward action up, right to the traget.
IT is no questions with this scenario - just keep position that you've taken yesterday.

Second scenario - appearing of butterfly "sell" pattern that should finalize upside action to 9040 target. This scenario you can see on the chart. In this case, we suggest that deeper AB=CD retracement down,
somewhere to 7260 5/8 Fib support should happen first (it also gives us '222" Buy inside the butterfly), and only after that action to 9040 will start.

How we could trade this.
If you already have bullish position - take profit on 50% and move stops to breakeven on the rest.

If you do not have any position but want to buy - wait either for drop to 7260 or, if it will not happen - you stop"buy" order on upside breakout of the 8300$ tops.