Morning everybody,
So, last time we said that market shows no bullish performance that could be sufficient to consider the long entry. Finally, we've got something. Maybe this is the result of thin market, but anyway, this is at least something that have bullish sentiment.
On 1H chart first is - price has formed upside bullish reversal swing. This action makes possible appearing of reverse H&S pattern. The right arm theoretically should be formed around 47.10-47.60 area - around major 5/8 Fib support. Invalidation point is, as usual - below the head.
If H&S fails, and BTC can't start upward action - we should again recall the downside XOP target @ 42K.
So, last time we said that market shows no bullish performance that could be sufficient to consider the long entry. Finally, we've got something. Maybe this is the result of thin market, but anyway, this is at least something that have bullish sentiment.
On 1H chart first is - price has formed upside bullish reversal swing. This action makes possible appearing of reverse H&S pattern. The right arm theoretically should be formed around 47.10-47.60 area - around major 5/8 Fib support. Invalidation point is, as usual - below the head.
If H&S fails, and BTC can't start upward action - we should again recall the downside XOP target @ 42K.
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.