Morning folks,
So, Thu plan worked perfect - some flirting with 73K top and collapse. So BTC doesn't step away from the potential reverse H&S shape. Although it is not clear yet wether it will work or not, but it should reach the right arm bottom anyway...
That's why now we're watching on 68-69K support level, where it should stay. So if you plan long entry - watch for this level as well and bullish reversal patterns around it on lower time frames to justify the entry.
Another pattern now is forming on top,which is direct H&S pattern. If you have bearish view, you could watch for it. In fact they are not contradicting patterns, as the small one leads to the point of the bigger one.
So, Thu plan worked perfect - some flirting with 73K top and collapse. So BTC doesn't step away from the potential reverse H&S shape. Although it is not clear yet wether it will work or not, but it should reach the right arm bottom anyway...
That's why now we're watching on 68-69K support level, where it should stay. So if you plan long entry - watch for this level as well and bullish reversal patterns around it on lower time frames to justify the entry.
Another pattern now is forming on top,which is direct H&S pattern. If you have bearish view, you could watch for it. In fact they are not contradicting patterns, as the small one leads to the point of the bigger one.
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/
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
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/
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.