Morning folks,
So, we're here. As we said - BTC will drop and it has dropped. Now it is around 75K, but daily picture and some downside extensions suggest that it could reach ~70K area. If course it would be nice to catch it right at the bottom. But, generally speaking, we're in an area of 70-75K where odds on pullback are high.
If everything goes with our initial plan - we should get reverse H&S pattern with 100-105K target. But, this is next question.
Now, we just need to keep an eye on 1H chart trying to not miss potential bullish reversal patterns. That is what we're going to do now...
So, we're here. As we said - BTC will drop and it has dropped. Now it is around 75K, but daily picture and some downside extensions suggest that it could reach ~70K area. If course it would be nice to catch it right at the bottom. But, generally speaking, we're in an area of 70-75K where odds on pullback are high.
If everything goes with our initial plan - we should get reverse H&S pattern with 100-105K target. But, this is next question.
Now, we just need to keep an eye on 1H chart trying to not miss potential bullish reversal patterns. That is what we're going to do now...
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.