Morning Folks,
So, last Thu setup has worked fine as BTC has destroyed 1H H&S pattern and keep moving to 81K major daily target. Thus, harmonic swing retracement was useful this time...
Now market is coming to vital area of 81-85K resistance, completing big "222" Sell pattern. It means that at the first stage the pullback should happen. Then, the direction will be set depending on breakout of this level.
For now, I'm not ready totally deny 52K target. True, sentiment is positive, Clarity Act is moving forward, but, technical picture doesn't exclude totally big drop yet. Besides, we had already the same action earlier.
So, last Thu setup has worked fine as BTC has destroyed 1H H&S pattern and keep moving to 81K major daily target. Thus, harmonic swing retracement was useful this time...
Now market is coming to vital area of 81-85K resistance, completing big "222" Sell pattern. It means that at the first stage the pullback should happen. Then, the direction will be set depending on breakout of this level.
For now, I'm not ready totally deny 52K target. True, sentiment is positive, Clarity Act is moving forward, but, technical picture doesn't exclude totally big drop yet. Besides, we had already the same action earlier.
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.