Morning folks,
Prior 1H H&S was done, we were watching on 120K resistance area, as we said last time. Now, on 1H chart H&S is showing signs of failure - too extended right arm, no downside breakout. Price is taking the shape of triangle. All these signs are bullish. Because butterflies very often appear on a ruins of H&S, we suggest that this one could be formed here...
The risk level for this scenario is 116K lows - BTC has to stay above it to keep butterfly (and triangle) valid, otherwise, deeper retracement to 112K area could start.
Upside target starts from 123K top and up to 125K butterfly target.
Prior 1H H&S was done, we were watching on 120K resistance area, as we said last time. Now, on 1H chart H&S is showing signs of failure - too extended right arm, no downside breakout. Price is taking the shape of triangle. All these signs are bullish. Because butterflies very often appear on a ruins of H&S, we suggest that this one could be formed here...
The risk level for this scenario is 116K lows - BTC has to stay above it to keep butterfly (and triangle) valid, otherwise, deeper retracement to 112K area could start.
Upside target starts from 123K top and up to 125K butterfly 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.