Sive-Morten

Still watching for reversal

COINBASE:BTCUSD   Bitcoin
Morning folks,

As we've said previously - we're sceptic on current upside rally and still watching for reversal. Since BTC is still coiling around the top, we see rising bearish pressure, based on price shape performance. Our previous trading plan is still valid, as BTC still keeps theoretical chances to form upside butterfly. But, in fact, we don't care what reversal shape will be.

We intend to use either this butterfly for short position taking or larger H&S pattern. Our nearest downside target stands around 20K. If reversal starts from 26.20-26.40 - all the better.

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