Morning everybody,
BTC action is slowed so we had have to wait a bit more, when price will reach our target. Finally it has happened. BTC has completed AB=CD target right at low border of daily flag consolidation.
As our daily analysis stands the same - its bearish, and we expect downside breakout and reaching of 6.4-7.2 area, here, on 1H chart we need to watch for first signs of weakness.
Most common is - early downside reversal and inability of the market to return back to opposite, upper border of the flag around 8.9K area. Once BTC will turn south somewhere in the middle of the channel -
this will be early hint of coming downside breakout.
BTC action is slowed so we had have to wait a bit more, when price will reach our target. Finally it has happened. BTC has completed AB=CD target right at low border of daily flag consolidation.
As our daily analysis stands the same - its bearish, and we expect downside breakout and reaching of 6.4-7.2 area, here, on 1H chart we need to watch for first signs of weakness.
Most common is - early downside reversal and inability of the market to return back to opposite, upper border of the flag around 8.9K area. Once BTC will turn south somewhere in the middle of the channel -
this will be early hint of coming downside breakout.
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/
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
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/
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.