Morning everybody,
Today, guys, I do not want to consider extended perspective, although W&R pattern that we've discussed last time is positive and I still hope that BTC will try to reach 40K - the upper border of consolidation, I still would like to consider today shorter-term perspective.
IT seems that we have some signs of thrust on intraday chart and it is very probable that market tends to form "222" Sell pattern. Based on it, we suggest reaching of ~35.8-36K target that is also 5/8 Fib level. Once this level will be reached, we expect at least 30% pullback to ~35K area. This is minimum "222" pattern target.
Thus, scalp traders could think about short-term bearish position, if on 15 min chart there will be some bearish pattern around 36K. While bulls should keep an eye on 35K area retracement, when "222" hits the target.
Today, guys, I do not want to consider extended perspective, although W&R pattern that we've discussed last time is positive and I still hope that BTC will try to reach 40K - the upper border of consolidation, I still would like to consider today shorter-term perspective.
IT seems that we have some signs of thrust on intraday chart and it is very probable that market tends to form "222" Sell pattern. Based on it, we suggest reaching of ~35.8-36K target that is also 5/8 Fib level. Once this level will be reached, we expect at least 30% pullback to ~35K area. This is minimum "222" pattern target.
Thus, scalp traders could think about short-term bearish position, if on 15 min chart there will be some bearish pattern around 36K. While bulls should keep an eye on 35K area retracement, when "222" hits the target.
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/
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
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/
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.