Morning folks,
So, Thu plan worked perfect - some flirting with 73K top and collapse. So BTC doesn't step away from the potential reverse H&S shape. Although it is not clear yet wether it will work or not, but it should reach the right arm bottom anyway...
That's why now we're watching on 68-69K support level, where it should stay. So if you plan long entry - watch for this level as well and bullish reversal patterns around it on lower time frames to justify the entry.
Another pattern now is forming on top,which is direct H&S pattern. If you have bearish view, you could watch for it. In fact they are not contradicting patterns, as the small one leads to the point of the bigger one.
So, Thu plan worked perfect - some flirting with 73K top and collapse. So BTC doesn't step away from the potential reverse H&S shape. Although it is not clear yet wether it will work or not, but it should reach the right arm bottom anyway...
That's why now we're watching on 68-69K support level, where it should stay. So if you plan long entry - watch for this level as well and bullish reversal patterns around it on lower time frames to justify the entry.
Another pattern now is forming on top,which is direct H&S pattern. If you have bearish view, you could watch for it. In fact they are not contradicting patterns, as the small one leads to the point of the bigger one.
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。