Morning folks,
So, we're here. As we said - BTC will drop and it has dropped. Now it is around 75K, but daily picture and some downside extensions suggest that it could reach ~70K area. If course it would be nice to catch it right at the bottom. But, generally speaking, we're in an area of 70-75K where odds on pullback are high.
If everything goes with our initial plan - we should get reverse H&S pattern with 100-105K target. But, this is next question.
Now, we just need to keep an eye on 1H chart trying to not miss potential bullish reversal patterns. That is what we're going to do now...
So, we're here. As we said - BTC will drop and it has dropped. Now it is around 75K, but daily picture and some downside extensions suggest that it could reach ~70K area. If course it would be nice to catch it right at the bottom. But, generally speaking, we're in an area of 70-75K where odds on pullback are high.
If everything goes with our initial plan - we should get reverse H&S pattern with 100-105K target. But, this is next question.
Now, we just need to keep an eye on 1H chart trying to not miss potential bullish reversal patterns. That is what we're going to do now...
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/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
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/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.