Morning guys,
We consider just 4H chart today where it is clear that BTC looks heavy. Current price action doesn't correspond to idea of H&S and increases chances on big failure with potential breakout of 9K area that we've discussed
previously. Theoretically bullish scenario are possible and not valished yet, but price action looks irrational.
Today is also Fed meeting and we expect hawkish surprises from JP. Thus, our call - do not take new longs, if you keep them from last week - move stops to breakeven and grab 30-50% profit.
We consider just 4H chart today where it is clear that BTC looks heavy. Current price action doesn't correspond to idea of H&S and increases chances on big failure with potential breakout of 9K area that we've discussed
previously. Theoretically bullish scenario are possible and not valished yet, but price action looks irrational.
Today is also Fed meeting and we expect hawkish surprises from JP. Thus, our call - do not take new longs, if you keep them from last week - move stops to breakeven and grab 30-50% profit.
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.