Morning guys,
yesterday we've talked about "222" Buy on 4H chart, as BTC stands at 5/8 Fib resistance and formed "222" Sell pattern.
Now there are new moments exist here that mostly have relation to the price behavior around resistance. Take a look at now significant action has started, market is coiling around
and price action mostly reminds a sideways action. Yes, minor 3-Drive "Sell" has been formed, but it is already completed.
Sideways action around major resistance hints on some hidden strength. Now major breakout at any side has happened yet, but now we have to take in consideration possible upside action as well.
As a result we could get 4H 3-Drive "sell" pattern with potential target around 5600 instead of "222" Buy.
At the same time, as no direction has been chosen yet, it would be better to wait a bit and see. Upside continuation and breakout of 3-Drive top here will tell that BTC moves higher, while downside breakout
turns us back to idea of 4H "222" Buy pattern. Alternitavely, it is possible to use stop entry orders on breakout of extreme points...
yesterday we've talked about "222" Buy on 4H chart, as BTC stands at 5/8 Fib resistance and formed "222" Sell pattern.
Now there are new moments exist here that mostly have relation to the price behavior around resistance. Take a look at now significant action has started, market is coiling around
and price action mostly reminds a sideways action. Yes, minor 3-Drive "Sell" has been formed, but it is already completed.
Sideways action around major resistance hints on some hidden strength. Now major breakout at any side has happened yet, but now we have to take in consideration possible upside action as well.
As a result we could get 4H 3-Drive "sell" pattern with potential target around 5600 instead of "222" Buy.
At the same time, as no direction has been chosen yet, it would be better to wait a bit and see. Upside continuation and breakout of 3-Drive top here will tell that BTC moves higher, while downside breakout
turns us back to idea of 4H "222" Buy pattern. Alternitavely, it is possible to use stop entry orders on breakout of extreme points...
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。