Morning folks,
So, BTC shows some signs of recovery but it is still the long way to go out of the woods. Although overall sentiment is improving. We're not ready yet to deny totally scenario with re-testing of 52-53K. At least nominally technical background still exists for it. But will happen only after major 81K target will be reached.
In short-term BTC is aimed on 81k of big AB-CD pattern on daily. Thus, we suggest no deep pullback until it will be reached. So, following the overall tendency in the channel, harmonic swing points on 76K support as a possible target of such a retracement.
Once it will be met, we will be watching on signals around it.
So, BTC shows some signs of recovery but it is still the long way to go out of the woods. Although overall sentiment is improving. We're not ready yet to deny totally scenario with re-testing of 52-53K. At least nominally technical background still exists for it. But will happen only after major 81K target will be reached.
In short-term BTC is aimed on 81k of big AB-CD pattern on daily. Thus, we suggest no deep pullback until it will be reached. So, following the overall tendency in the channel, harmonic swing points on 76K support as a possible target of such a retracement.
Once it will be met, we will be watching on signals around it.
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/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.