Morning folks,
As BTC stands relatively free until major events on next week, it shows tactical upside pullback where we've set two targets. First one around 23K is completed already and next one is around 25.5K. Although we think that chances that BTC will reach it are low.
This week it is vitally important where market will close, because it makes direct impact on weekly chart and we could get two bearish patterns. (Watch today's BTC video on FPA site). Here the logic is simple. If you have long-position - you could keep it, just do not forget to manage stops higher. Next target is double XOP around previous lows of 25.5. There we also have daily 5/8 resistance area and daily overbought.
Bears could watch for reversal patterns as upside bounce could stop at any moment. Once it will happen - you could try to go short. For example, now you could watch for 1H H&S pattern:
As BTC stands relatively free until major events on next week, it shows tactical upside pullback where we've set two targets. First one around 23K is completed already and next one is around 25.5K. Although we think that chances that BTC will reach it are low.
This week it is vitally important where market will close, because it makes direct impact on weekly chart and we could get two bearish patterns. (Watch today's BTC video on FPA site). Here the logic is simple. If you have long-position - you could keep it, just do not forget to manage stops higher. Next target is double XOP around previous lows of 25.5. There we also have daily 5/8 resistance area and daily overbought.
Bears could watch for reversal patterns as upside bounce could stop at any moment. Once it will happen - you could try to go short. For example, now you could watch for 1H H&S pattern:
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。