Morning folks,
So BTC not has just formed big H&S but already completed it. But it is not a reason for upset. We consider 126-127.30K as the next upside target, based on weekly butterfly scenario.
Still, due to very fast action market hits overbought on daily chart. We prefer to wait for tactical pullback, somewhere to 117K or or even 115.3K support levels before thinking about long entry.
I mark this idea as" bearish" because of retracement expectations, but overall context is bullish of course...
So BTC not has just formed big H&S but already completed it. But it is not a reason for upset. We consider 126-127.30K as the next upside target, based on weekly butterfly scenario.
Still, due to very fast action market hits overbought on daily chart. We prefer to wait for tactical pullback, somewhere to 117K or or even 115.3K support levels before thinking about long entry.
I mark this idea as" bearish" because of retracement expectations, but overall context is bullish of course...
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.