Morning guys,
Just minor update. BTC is approaching to our first target - H&S AB=CD pattern, based on the head and the shoulder. It stands at 8145$. Be careful around 8K area, because this is also daily 3/8 Fib resistance. So, some turbulence could appear around and reaching of the target could be choppy.
Once target will be hit - be prepared to downside pullback.
Ultimate target of H&S should be around 8.9K, which agrees with another daily Fib resistance. But whether BTC will go there or not we could say only when we see how market will react on first target...
Just minor update. BTC is approaching to our first target - H&S AB=CD pattern, based on the head and the shoulder. It stands at 8145$. Be careful around 8K area, because this is also daily 3/8 Fib resistance. So, some turbulence could appear around and reaching of the target could be choppy.
Once target will be hit - be prepared to downside pullback.
Ultimate target of H&S should be around 8.9K, which agrees with another daily Fib resistance. But whether BTC will go there or not we could say only when we see how market will react on first 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/
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
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/
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.