Happy New Year, Folks!
I hope you have a good time... so, BTC... looks heavy by my mind. Following to the swings structure it shows inability to return back to 94K area. First it was not able to proceed higher, showing too deep retracement. Now it stands flat under 90K.
On daily chart, with bullish MACD direction it starts reminding a bearish dynamic pressure, suggesting downside breakout. Besides, on weekly chart, consolidation is taking the shape of the pennant, which is also bearish.
Situation could change if BTC somehow will break above 91-92K area. In this case bearish pressure pattern will be cancelled. But right now, it seems that chances on re-testing of 80K lows look better. We do not consider any new longs by far.
I hope you have a good time... so, BTC... looks heavy by my mind. Following to the swings structure it shows inability to return back to 94K area. First it was not able to proceed higher, showing too deep retracement. Now it stands flat under 90K.
On daily chart, with bullish MACD direction it starts reminding a bearish dynamic pressure, suggesting downside breakout. Besides, on weekly chart, consolidation is taking the shape of the pennant, which is also bearish.
Situation could change if BTC somehow will break above 91-92K area. In this case bearish pressure pattern will be cancelled. But right now, it seems that chances on re-testing of 80K lows look better. We do not consider any new longs by far.
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/
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
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/
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.