Greetings everybody,
BTC picture remains tricky. Fundamentally, we do not see any reasons for BTC rally and keep untouched OP target that we are discussing in lat two weeks.
Still, since market is forming symmetrical round bottom on 1H chart, it seems it stands now in perfect position for long entry where risk/reward ratio is maximal. It doesn't guarantee success, but, gives chance to get minimal possible loss.
Because if it goes up - it should go right from here. Otherwise it collapses. So, if you have reasons to buy - you could consider current area
For confirmation of bullish changes market has to move above 30.4K level and form bullish reversal swing.
BTC picture remains tricky. Fundamentally, we do not see any reasons for BTC rally and keep untouched OP target that we are discussing in lat two weeks.
Still, since market is forming symmetrical round bottom on 1H chart, it seems it stands now in perfect position for long entry where risk/reward ratio is maximal. It doesn't guarantee success, but, gives chance to get minimal possible loss.
Because if it goes up - it should go right from here. Otherwise it collapses. So, if you have reasons to buy - you could consider current area
For confirmation of bullish changes market has to move above 30.4K level and form bullish reversal swing.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.