Morning guys,
Finally our 1H target is hit. Now price stands at strong resistance area that includes 3/8 and 5/8 Fib levels from different reaction points (K-area by DiNapoli framework) and our AB=CD target brings Agreement there either.
So, today is solid chances on pullback, at least for 300$. Then we will see what will happen. If BTC will be able to hold above 9-9.1K area, it could proceed to 9.7 resistance. Otherwise it probably will turn down.
Bitcoin keeps bullish context by far, but it is very fragile right now. We strongly need breakout of 10K top to speak on major trend continuation. Until this happen, here and there we could get minor bullish setups, as we did, but all of them are tactical mostly. Thus, be sensitive to any bearish signs, stay on guard.
Finally our 1H target is hit. Now price stands at strong resistance area that includes 3/8 and 5/8 Fib levels from different reaction points (K-area by DiNapoli framework) and our AB=CD target brings Agreement there either.
So, today is solid chances on pullback, at least for 300$. Then we will see what will happen. If BTC will be able to hold above 9-9.1K area, it could proceed to 9.7 resistance. Otherwise it probably will turn down.
Bitcoin keeps bullish context by far, but it is very fragile right now. We strongly need breakout of 10K top to speak on major trend continuation. Until this happen, here and there we could get minor bullish setups, as we did, but all of them are tactical mostly. Thus, be sensitive to any bearish signs, stay on guard.
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.