Morning folks,
BTC accurately follows to our daily H&S scenario. Now it seems that the top of right arm is in place already. If you're looking for bearish position taking but missed to do this around 29.5K area, discussed last time - here you could watch for 3/8 retracement on 1H chart, somewhere to 28.9-29K area.
The top around 29.5K also is an indicator of H&S validity. Action above it could mean that H&S is failing and BTC is ready for immediate upside continuation. Until it stands valid, we're going with our downside H&S scenario to 25-25.5K target
BTC accurately follows to our daily H&S scenario. Now it seems that the top of right arm is in place already. If you're looking for bearish position taking but missed to do this around 29.5K area, discussed last time - here you could watch for 3/8 retracement on 1H chart, somewhere to 28.9-29K area.
The top around 29.5K also is an indicator of H&S validity. Action above it could mean that H&S is failing and BTC is ready for immediate upside continuation. Until it stands valid, we're going with our downside H&S scenario to 25-25.5K target
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/
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
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/
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.