Morning guys,
So, the 1st stage of our trading plan is competed - AB-CD retracement hits the target that agrees with major 5/8 resistance. It means two things. If BTC indeed is bearish - it has to turn down right from here. If it doesn't do it it means that it is not bearish. That's simple. Because Agreement resistance is sufficient argument to turn down any bearish market.
Thus, if you intend to go short - here is the moment when you need to make a decision on taking short position. Bulls should wait for one of two things - either completion of downside breakout or failure of current setup. At current moment it is not good situation for taking long position
So, the 1st stage of our trading plan is competed - AB-CD retracement hits the target that agrees with major 5/8 resistance. It means two things. If BTC indeed is bearish - it has to turn down right from here. If it doesn't do it it means that it is not bearish. That's simple. Because Agreement resistance is sufficient argument to turn down any bearish market.
Thus, if you intend to go short - here is the moment when you need to make a decision on taking short position. Bulls should wait for one of two things - either completion of downside breakout or failure of current setup. At current moment it is not good situation for taking long position
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/
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
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/
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.