Morning guys,
This update is better to combine with previous one, as here we discuss just the final moment of our setup. Last week, we said, that 6940 area is the one that will be very important for BTC. Breaking of this level down will open road below daily lows while upside bounce could lead not just to simple retracement but, ultimately to extended upside action.
At the same time, if you have bullish view and search setup for long entry - here is the one to consider. 6940 is Agreement of our downside AB=CD target and 5/8 Fib support, now we have 3-Drive "Buy" around as well. All this stuff makes it interesting for taking long position. If even market will stay bearish, it should show some pullback out of this level at first touch. This lets us to move stops to breakeven and significantly decrease chances to get loss.
This update is better to combine with previous one, as here we discuss just the final moment of our setup. Last week, we said, that 6940 area is the one that will be very important for BTC. Breaking of this level down will open road below daily lows while upside bounce could lead not just to simple retracement but, ultimately to extended upside action.
At the same time, if you have bullish view and search setup for long entry - here is the one to consider. 6940 is Agreement of our downside AB=CD target and 5/8 Fib support, now we have 3-Drive "Buy" around as well. All this stuff makes it interesting for taking long position. If even market will stay bearish, it should show some pullback out of this level at first touch. This lets us to move stops to breakeven and significantly decrease chances to get loss.
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.