Morning folks,
So H&S pattern that we discussed last time was not exactly formed - market has started up a bit earlier, although it has followed to correct direction...
Despite that overall mood stands positive here, I would be a bit careful with any euphoria. Long-term bearish momentum is yet to be faded, so at any time deep retracement could start.
For now positive scenario suggests action to 82-83K resistance. But unfortunately right at this moment we do not have any clear patterns that we could use for entry.
Still, BTC holds well inside the upward channel that we could try to use. Say, if we would get this "222" inside of it around 73K - that might be something...
So H&S pattern that we discussed last time was not exactly formed - market has started up a bit earlier, although it has followed to correct direction...
Despite that overall mood stands positive here, I would be a bit careful with any euphoria. Long-term bearish momentum is yet to be faded, so at any time deep retracement could start.
For now positive scenario suggests action to 82-83K resistance. But unfortunately right at this moment we do not have any clear patterns that we could use for entry.
Still, BTC holds well inside the upward channel that we could try to use. Say, if we would get this "222" inside of it around 73K - that might be something...
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.