Morning everybody,
So, reversal setup around 13.12K predefined area has worked perfectly. Thanks to JPowell negative comments on Libra, BTC has got downside acceleration.
Still, on the daily chart we do not cancel totally idea of upside butterfly, at least until price stands above 10K area.
Today - tomorrow we're mostly focused on tactical price action. Our H&S is done perfect, and now market is coming to 11K 5/8 Fib support area. Here, on 1H chart you also could recognize direct H&S pattern -
head and left arm are already in place. The last detail that we miss is right arm - and it could be formed by upside bounce to 12K area.
So, reversal setup around 13.12K predefined area has worked perfectly. Thanks to JPowell negative comments on Libra, BTC has got downside acceleration.
Still, on the daily chart we do not cancel totally idea of upside butterfly, at least until price stands above 10K area.
Today - tomorrow we're mostly focused on tactical price action. Our H&S is done perfect, and now market is coming to 11K 5/8 Fib support area. Here, on 1H chart you also could recognize direct H&S pattern -
head and left arm are already in place. The last detail that we miss is right arm - and it could be formed by upside bounce to 12K area.
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.