Morning folks,
So on a news about ceasefire, BTC jumped back to 73K area. We do not exclude some interesting setups around this level, but until it stands under 76K top and inside the channel - bearish context remains intact. For example, at any moment downside butterfly scenario is quite possible.
So, before thinking about long position taking, we suggest BTC has to confirm this sentiment change by more or less clear reversal pattern, such as H&S on 4H chart. But if we get it - it probably will happen only next week. For now - we suggest that some flirting around 73K top is possible. Then we will be watching for pullback to ~68-69K area.
So on a news about ceasefire, BTC jumped back to 73K area. We do not exclude some interesting setups around this level, but until it stands under 76K top and inside the channel - bearish context remains intact. For example, at any moment downside butterfly scenario is quite possible.
So, before thinking about long position taking, we suggest BTC has to confirm this sentiment change by more or less clear reversal pattern, such as H&S on 4H chart. But if we get it - it probably will happen only next week. For now - we suggest that some flirting around 73K top is possible. Then we will be watching for pullback to ~68-69K area.
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.