Morning folks,
So, upside action has started accurately once the butterfly and XOP target have been completed, based on our previous update. BTC feels safe on the background of recent Fed money market activity. Last week was injected about $25 Bln, so should be no problems from this side. The only risk factor this week is CPI on Wed.
As we've said recently - we do not consider the new shorts by far. On 1H chart market is going with the reverse H&S pattern. If you have missed both chances to buy - as on our previous update, as later, when H&S was formed, now the chance could come after OP target completion.
Since we have major target around 25.3-26.2 area, the XOP target here, which is around 24.6K also should be completed, right? Thus, if BTC will show any pullback once OP is done - this could be the chance for long entry. It is vital that price remains above the neckline. Thus, support area around 23.3-23.5K looks OK to consider long entry.
So, upside action has started accurately once the butterfly and XOP target have been completed, based on our previous update. BTC feels safe on the background of recent Fed money market activity. Last week was injected about $25 Bln, so should be no problems from this side. The only risk factor this week is CPI on Wed.
As we've said recently - we do not consider the new shorts by far. On 1H chart market is going with the reverse H&S pattern. If you have missed both chances to buy - as on our previous update, as later, when H&S was formed, now the chance could come after OP target completion.
Since we have major target around 25.3-26.2 area, the XOP target here, which is around 24.6K also should be completed, right? Thus, if BTC will show any pullback once OP is done - this could be the chance for long entry. It is vital that price remains above the neckline. Thus, support area around 23.3-23.5K looks OK to consider long entry.
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/
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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。