Morning guys,
Finally our 1H target is hit. Now price stands at strong resistance area that includes 3/8 and 5/8 Fib levels from different reaction points (K-area by DiNapoli framework) and our AB=CD target brings Agreement there either.
So, today is solid chances on pullback, at least for 300$. Then we will see what will happen. If BTC will be able to hold above 9-9.1K area, it could proceed to 9.7 resistance. Otherwise it probably will turn down.
Bitcoin keeps bullish context by far, but it is very fragile right now. We strongly need breakout of 10K top to speak on major trend continuation. Until this happen, here and there we could get minor bullish setups, as we did, but all of them are tactical mostly. Thus, be sensitive to any bearish signs, stay on guard.
Finally our 1H target is hit. Now price stands at strong resistance area that includes 3/8 and 5/8 Fib levels from different reaction points (K-area by DiNapoli framework) and our AB=CD target brings Agreement there either.
So, today is solid chances on pullback, at least for 300$. Then we will see what will happen. If BTC will be able to hold above 9-9.1K area, it could proceed to 9.7 resistance. Otherwise it probably will turn down.
Bitcoin keeps bullish context by far, but it is very fragile right now. We strongly need breakout of 10K top to speak on major trend continuation. Until this happen, here and there we could get minor bullish setups, as we did, but all of them are tactical mostly. Thus, be sensitive to any bearish signs, stay on guard.
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.