Morning folks,
So the drop that we've discussed last time has happened but due to absolutely different reason - CPI report. Now the question is, how long CPI effect will be. As BTC has general bullish context sooner rather than later it should keep going higher.
Here we have two scenarios. To understand which one will be formed - we need to keep an eye on daily chart and intraday one. On daily, we need to watch for bullish grabber, as BTC stands at support of recent ATH and K-support area on intraday charts. If grabber appears tod-tom, it means that BTC is able to start rising immediately.
Alternatively, if no grabbers appear - we could get downside AB-CD that could start from ~ 66K area lead price to next support of 62K. This action anyway is tactical and doesn't hurt long term background. But, it is solid action anyway.
That's being said we're watching for daily patterns and price performance around 66K resistance where "222" Sell might be formed.
So the drop that we've discussed last time has happened but due to absolutely different reason - CPI report. Now the question is, how long CPI effect will be. As BTC has general bullish context sooner rather than later it should keep going higher.
Here we have two scenarios. To understand which one will be formed - we need to keep an eye on daily chart and intraday one. On daily, we need to watch for bullish grabber, as BTC stands at support of recent ATH and K-support area on intraday charts. If grabber appears tod-tom, it means that BTC is able to start rising immediately.
Alternatively, if no grabbers appear - we could get downside AB-CD that could start from ~ 66K area lead price to next support of 62K. This action anyway is tactical and doesn't hurt long term background. But, it is solid action anyway.
That's being said we're watching for daily patterns and price performance around 66K resistance where "222" Sell might be formed.
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.