Morning guys,
Miracle has not happened, (to be honest we don't count on it too much) as market has failed to complete our AB-CD pattern and dropped after it has failed to break trendline on hourly chart.
Now, again, theoretical chances exist with action to 4200$ by AB=CD retracement, as market has two bullish grabbers on 4H chart. But my suggestion is - appearing of butterfly with 3000$ target looks more probable.
In fact, if market has failed to break trend line on good uspide pace that was yesterday, today, chances to do it look phantom. BTC has negative fundamental background and from technical point of view, it has only one support by far - daily oversold level, which stands now around 3000.
Thus, although AB-CD upside action theoretically could happen, we do not recommend to go long and use any rally as chance for short entry. In fact we have pennant pattern forming on daily chart...
Miracle has not happened, (to be honest we don't count on it too much) as market has failed to complete our AB-CD pattern and dropped after it has failed to break trendline on hourly chart.
Now, again, theoretical chances exist with action to 4200$ by AB=CD retracement, as market has two bullish grabbers on 4H chart. But my suggestion is - appearing of butterfly with 3000$ target looks more probable.
In fact, if market has failed to break trend line on good uspide pace that was yesterday, today, chances to do it look phantom. BTC has negative fundamental background and from technical point of view, it has only one support by far - daily oversold level, which stands now around 3000.
Thus, although AB-CD upside action theoretically could happen, we do not recommend to go long and use any rally as chance for short entry. In fact we have pennant pattern forming on daily chart...
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.