Morning everybody,
So, BTC has confirmed our suggestion and indeed has formed "222" Sell, just AB=CD retracement on 1H chart and dropped back to 3600 then.
Here, on daily chart we have DiNapoli grabber that suggests drop below 3600 lows. Here I keep the shape of H&S pattern, just to describe the importance of possible breakout.
Drop below the bottom of right arm means H&S failure, which, in turn, as a rule leads to drop below the Head. Our next target is based on butterfly pattern at 2800$.
In general downside action stands in agreement with our long term view, as our ultimate all time 1.618 AB-CD target stands at 1800. This should be final leg down before trend changing.
And it seems that BTC gradually steps in on this way.
So, BTC has confirmed our suggestion and indeed has formed "222" Sell, just AB=CD retracement on 1H chart and dropped back to 3600 then.
Here, on daily chart we have DiNapoli grabber that suggests drop below 3600 lows. Here I keep the shape of H&S pattern, just to describe the importance of possible breakout.
Drop below the bottom of right arm means H&S failure, which, in turn, as a rule leads to drop below the Head. Our next target is based on butterfly pattern at 2800$.
In general downside action stands in agreement with our long term view, as our ultimate all time 1.618 AB-CD target stands at 1800. This should be final leg down before trend changing.
And it seems that BTC gradually steps in on this way.
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/
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
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/
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.