Morning folks,
So, everything goes with the plan, daily "222" Sell is done around 74K. Now we turn our attention intraday, where we have direct H&S on 4H chart and reverse H&S on 1H. It means that the reverse one should lead BTC somewhere to 79K to form the top of the right arm of a bigger pattern. Then another downside leg is possible. This is base case scenario.
Correspondingly, bulls now have only intraday setup, based on reverse H&S. While bears have to wait either its failure or its completion around 79K. Nothing to do right now.
So, everything goes with the plan, daily "222" Sell is done around 74K. Now we turn our attention intraday, where we have direct H&S on 4H chart and reverse H&S on 1H. It means that the reverse one should lead BTC somewhere to 79K to form the top of the right arm of a bigger pattern. Then another downside leg is possible. This is base case scenario.
Correspondingly, bulls now have only intraday setup, based on reverse H&S. While bears have to wait either its failure or its completion around 79K. Nothing to do right now.
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.