Morning guys,
Hope you're well after the Holidays. So - our AB-CD downside retracement to 6.9K area is done, giving us "222" Buy on 4H chart, which is actually
a part of daily H&S pattern.
Currently our task is clear - 6.9K is a bottom of the right arm and BTC has to hold it - to keep bullish scenario valid. Thus, if you have taken long position at 6.9K - now you could move stop to breakeven and watch the movie. Based on H&S our target is 8.3-8.4K area - near major daily 5/8 Fib resistance level.
If you have missed long entry - today you could consider 7.1K 1H support area to do this.
Conversely, if H&S will fail - it means big failure of bullish context on daily/weekly basis and downside continuation, somewhere in 4K area.
But our sentiment analysis of the market tells that chances on this scenario are not very high...
Detailed analysis you could watch in the video on our website.
Hope you're well after the Holidays. So - our AB-CD downside retracement to 6.9K area is done, giving us "222" Buy on 4H chart, which is actually
a part of daily H&S pattern.
Currently our task is clear - 6.9K is a bottom of the right arm and BTC has to hold it - to keep bullish scenario valid. Thus, if you have taken long position at 6.9K - now you could move stop to breakeven and watch the movie. Based on H&S our target is 8.3-8.4K area - near major daily 5/8 Fib resistance level.
If you have missed long entry - today you could consider 7.1K 1H support area to do this.
Conversely, if H&S will fail - it means big failure of bullish context on daily/weekly basis and downside continuation, somewhere in 4K area.
But our sentiment analysis of the market tells that chances on this scenario are not very high...
Detailed analysis you could watch in the video on our website.
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/
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
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/
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。