Interesting occasion on Bitcoin: despite the overall trend is still Down, we see the strong decline suspension pattern on H4.
* Long counter-trend opportunity is observed on H4 Chart in a Scalping Mode.
* H4 candles have formed up a decline stoppage pattern with increased on H4 tails.
* At the same time, the Bears are one who still keep control over the market, so every counter-trend trade should be backed up by a tight Stop-loss order.
* As we projected: the two locations were optimal to enter Short for a downtrend continuation. However, with an update on H4 candles, we see that the price may spike at $7,700 - $7,800 area before dropping down again.
* is totally oversold, while changes over the positive territory.
Active trade signal
Buy @ $7,470.
Target: $7,700 - $7,800.
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GOOD LUCK AND LOTS OF PROFITS !!
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