฿ Bitcoin BTC/USD Daily Video, November 27, 2019

[Sive Morten]

Good morning,

BTC stands in upside bounce from our daily XOP target. Price action is taking the shape of reverse H&S pattern, which makes possible
reaching of 7680$ area:

 

[kris82]

Hi Sive, great forecast.So, correct if I'm wrong but this was just simple 1:1 correction and next is downward move?

 

[Sive Morten]

Hi Sive, great forecast.So, correct if I'm wrong but this was just simple 1:1 correction and next is downward move?

Well, as upside action was strong, I do not exclude continuation to XOP target.