Morning guys,
Thus, our downside setup has done well, as we've got perfect AB=CD pattern, based on daily reversal candle. Now market stands at 5/8 Fib support and very close do daily oversold (not shown here).
It means that in nearest 1-2 sessions it will be difficult to proceed lower and more probable that BTC turns to upside pullback. Taking in consideration recent tops, we suggest that most probable target of this action
stands in 8300-8400$ range. As a result for could get another "222" Sell.
We consider another leg down to XOP target @ 7025 by two reasons. First is - drop to OP was fast, and usually, market proceeds lower in such cases. Second, here, on 4H chart, we could recognize H&S pattern with
right arm top around 8300$. This could give us larger AB=CD with the same 7025$ target.
Bearish scenario will be destroyed if price climbs above 9090 top, or, at least will not turn down around 8400.
Thus, we suggest upside pullback first, somewhere to 8300-8400 then downside continuation with 7025$ target
Thus, our downside setup has done well, as we've got perfect AB=CD pattern, based on daily reversal candle. Now market stands at 5/8 Fib support and very close do daily oversold (not shown here).
It means that in nearest 1-2 sessions it will be difficult to proceed lower and more probable that BTC turns to upside pullback. Taking in consideration recent tops, we suggest that most probable target of this action
stands in 8300-8400$ range. As a result for could get another "222" Sell.
We consider another leg down to XOP target @ 7025 by two reasons. First is - drop to OP was fast, and usually, market proceeds lower in such cases. Second, here, on 4H chart, we could recognize H&S pattern with
right arm top around 8300$. This could give us larger AB=CD with the same 7025$ target.
Bearish scenario will be destroyed if price climbs above 9090 top, or, at least will not turn down around 8400.
Thus, we suggest upside pullback first, somewhere to 8300-8400 then downside continuation with 7025$ target
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/
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
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/
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน