Morning everybody,
Today, guys, I do not want to consider extended perspective, although W&R pattern that we've discussed last time is positive and I still hope that BTC will try to reach 40K - the upper border of consolidation, I still would like to consider today shorter-term perspective.
IT seems that we have some signs of thrust on intraday chart and it is very probable that market tends to form "222" Sell pattern. Based on it, we suggest reaching of ~35.8-36K target that is also 5/8 Fib level. Once this level will be reached, we expect at least 30% pullback to ~35K area. This is minimum "222" pattern target.
Thus, scalp traders could think about short-term bearish position, if on 15 min chart there will be some bearish pattern around 36K. While bulls should keep an eye on 35K area retracement, when "222" hits the target.
Today, guys, I do not want to consider extended perspective, although W&R pattern that we've discussed last time is positive and I still hope that BTC will try to reach 40K - the upper border of consolidation, I still would like to consider today shorter-term perspective.
IT seems that we have some signs of thrust on intraday chart and it is very probable that market tends to form "222" Sell pattern. Based on it, we suggest reaching of ~35.8-36K target that is also 5/8 Fib level. Once this level will be reached, we expect at least 30% pullback to ~35K area. This is minimum "222" pattern target.
Thus, scalp traders could think about short-term bearish position, if on 15 min chart there will be some bearish pattern around 36K. While bulls should keep an eye on 35K area retracement, when "222" hits the 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/
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.