Morning folks,
So, our plan stands in progress, everything is fine, while market is moving with 3-Drive pattern to the upside. It's time to decide what to do next.
BTC will remain under pressure until the mid September, due to big Treasury borrowings. At the same time we see that it is forming reverse H&S pattern, which is potentially bullish. Our idea is to go against it with the most safe way and Sell at the neckline and K-resistance area of 113.5K level.
Because we think that this H&S has more chances to fail rather than to work properly. But, anyway, if even it will work as it should, the right arm deep should let us to move stops to breakeven. So, we think that this trade scenario cares not much risk
So, our plan stands in progress, everything is fine, while market is moving with 3-Drive pattern to the upside. It's time to decide what to do next.
BTC will remain under pressure until the mid September, due to big Treasury borrowings. At the same time we see that it is forming reverse H&S pattern, which is potentially bullish. Our idea is to go against it with the most safe way and Sell at the neckline and K-resistance area of 113.5K level.
Because we think that this H&S has more chances to fail rather than to work properly. But, anyway, if even it will work as it should, the right arm deep should let us to move stops to breakeven. So, we think that this trade scenario cares not much risk
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Spot on by far...
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.