Morning folks,
So, our DRPO "Buy" pattern has failed. This shows is how strongly market depressed, and here we see non-market driving factors. Now we suggest that the really big game is ready to start. On weekly chart 2/3 parts of H&S is already in place. And it will be quite interesting to see what will happen in nearest 2-3 months.
In short-term, market has completed our 79K target on daily chart of the same downside AB-CD pattern. BTC is oversold now on all time frames. At the same time, the price shape here is not bullish - too slow and choppy. It's just a technical bounce. So, we think that 90-91K resistance area might be interesting for potential short entry with the minimum target around 84K - downside momentum on daily chart is rather strong.
So, our DRPO "Buy" pattern has failed. This shows is how strongly market depressed, and here we see non-market driving factors. Now we suggest that the really big game is ready to start. On weekly chart 2/3 parts of H&S is already in place. And it will be quite interesting to see what will happen in nearest 2-3 months.
In short-term, market has completed our 79K target on daily chart of the same downside AB-CD pattern. BTC is oversold now on all time frames. At the same time, the price shape here is not bullish - too slow and choppy. It's just a technical bounce. So, we think that 90-91K resistance area might be interesting for potential short entry with the minimum target around 84K - downside momentum on daily chart is rather strong.
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/
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
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/
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.