Morning guys,
So, the 1st stage of our trading plan is competed - AB-CD retracement hits the target that agrees with major 5/8 resistance. It means two things. If BTC indeed is bearish - it has to turn down right from here. If it doesn't do it it means that it is not bearish. That's simple. Because Agreement resistance is sufficient argument to turn down any bearish market.
Thus, if you intend to go short - here is the moment when you need to make a decision on taking short position. Bulls should wait for one of two things - either completion of downside breakout or failure of current setup. At current moment it is not good situation for taking long position
So, the 1st stage of our trading plan is competed - AB-CD retracement hits the target that agrees with major 5/8 resistance. It means two things. If BTC indeed is bearish - it has to turn down right from here. If it doesn't do it it means that it is not bearish. That's simple. Because Agreement resistance is sufficient argument to turn down any bearish market.
Thus, if you intend to go short - here is the moment when you need to make a decision on taking short position. Bulls should wait for one of two things - either completion of downside breakout or failure of current setup. At current moment it is not good situation for taking long position
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/
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
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/
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。