Morning folks,
So, H&S pattern has played nice, despite that we saw some speculative tricks during Fed statement... Now we should pay attention to daily chart that is forming bullish context. We're tending to suggestion that BTC should show direct upward continuation without any deeper retracement. Once first downside bounce happened, we had few potential scenarios - triangle, some DiNapoli patterns and downside AB=CD. Now, based on performance that we see on intraday charts, it seems that triangle scenario is most probable.
As triangle is continuation pattern and is forming right under previous top - it means that market is building an energy to challenge it. So, as a conclusion, we do not consider any bearish position right now. For long entry, it is possible to catch intraday bullish patterns, such as recent H&S or "2222" Buy, whatever will be formed.
Also pay attention to recent top inside the triangle. If price jumps above it - most probable that upward continuation is started. More details in the video on FPA site.
Take care, S.
So, H&S pattern has played nice, despite that we saw some speculative tricks during Fed statement... Now we should pay attention to daily chart that is forming bullish context. We're tending to suggestion that BTC should show direct upward continuation without any deeper retracement. Once first downside bounce happened, we had few potential scenarios - triangle, some DiNapoli patterns and downside AB=CD. Now, based on performance that we see on intraday charts, it seems that triangle scenario is most probable.
As triangle is continuation pattern and is forming right under previous top - it means that market is building an energy to challenge it. So, as a conclusion, we do not consider any bearish position right now. For long entry, it is possible to catch intraday bullish patterns, such as recent H&S or "2222" Buy, whatever will be formed.
Also pay attention to recent top inside the triangle. If price jumps above it - most probable that upward continuation is started. More details in the video on FPA site.
Take care, S.
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.