Morning folks,
First of all - today's update in no way cancels our mid term view of 52K target. We keep this scenario intact.
Today we speak about scenario of a different scale, mostly for intraday usage. With the recent downside drop market hits 5/8 support area. And on 1H chart we see possible shape of reverse H&S pattern.
It means that upside bounce, at least to 70K resistance area is possible.
That's being said, if you search chance to go long - maybe this setup will be handy to you. Using this H&S you could place tight stop. So, in a case of loss, your risk will be very small.
Those who wants to sell, it would be better to wait when the bounce will be over. Which might happen as early as around 70K area. But we will return back to this subject on next update...
First of all - today's update in no way cancels our mid term view of 52K target. We keep this scenario intact.
Today we speak about scenario of a different scale, mostly for intraday usage. With the recent downside drop market hits 5/8 support area. And on 1H chart we see possible shape of reverse H&S pattern.
It means that upside bounce, at least to 70K resistance area is possible.
That's being said, if you search chance to go long - maybe this setup will be handy to you. Using this H&S you could place tight stop. So, in a case of loss, your risk will be very small.
Those who wants to sell, it would be better to wait when the bounce will be over. Which might happen as early as around 70K area. But we will return back to this subject on next update...
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