Morning guys,
Our longer term view is the same, we expect at least 3.3K level within 1-2 weeks. BTC drops not because of inner problems but because of run-in-cash, the same reason why gold is dropping too.
As market stands at oversold, minor pullback is still possible. It could be somewhere to 6.4 area. Here we have previous lows (our former Head's bottom) and now it is also daily K-resistance area. We do not sure that it definitely will happen, but we do not exclude this, if there will be 1-2 relatively calm sessions.
Then downside action could continue. Now we call to ignore any bullish setups and better follow to major tendency, getting good entry points to sell
Our longer term view is the same, we expect at least 3.3K level within 1-2 weeks. BTC drops not because of inner problems but because of run-in-cash, the same reason why gold is dropping too.
As market stands at oversold, minor pullback is still possible. It could be somewhere to 6.4 area. Here we have previous lows (our former Head's bottom) and now it is also daily K-resistance area. We do not sure that it definitely will happen, but we do not exclude this, if there will be 1-2 relatively calm sessions.
Then downside action could continue. Now we call to ignore any bullish setups and better follow to major tendency, getting good entry points to sell
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.