Morning folks,
So, we're at 63K and with the butterfly on the back as we suggested last time. Now market is trying to rebound here but this attempt looks not too impressive - crypto fell, Sailor sales BTC and ETF are loosing funds. Background doesn't look too suitable for upside performance and market almost stands near the lows.
In such a circumstances we're not ready to take any longs by far and prefer to wait for confirmation. Here it might be the reverse H&S and butterfly will be the left part of it. But if even bounce will happen - it cares risk to turn to big downside butterfly and price still return back to 60-61K. In fact we suggest that this AB=CD has not bad chances to happen.
So, we're at 63K and with the butterfly on the back as we suggested last time. Now market is trying to rebound here but this attempt looks not too impressive - crypto fell, Sailor sales BTC and ETF are loosing funds. Background doesn't look too suitable for upside performance and market almost stands near the lows.
In such a circumstances we're not ready to take any longs by far and prefer to wait for confirmation. Here it might be the reverse H&S and butterfly will be the left part of it. But if even bounce will happen - it cares risk to turn to big downside butterfly and price still return back to 60-61K. In fact we suggest that this AB=CD has not bad chances to happen.
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.