Morning everybody,
Today, guys, I do not want to consider extended perspective, although W&R pattern that we've discussed last time is positive and I still hope that BTC will try to reach 40K - the upper border of consolidation, I still would like to consider today shorter-term perspective.
IT seems that we have some signs of thrust on intraday chart and it is very probable that market tends to form "222" Sell pattern. Based on it, we suggest reaching of ~35.8-36K target that is also 5/8 Fib level. Once this level will be reached, we expect at least 30% pullback to ~35K area. This is minimum "222" pattern target.
Thus, scalp traders could think about short-term bearish position, if on 15 min chart there will be some bearish pattern around 36K. While bulls should keep an eye on 35K area retracement, when "222" hits the target.
Today, guys, I do not want to consider extended perspective, although W&R pattern that we've discussed last time is positive and I still hope that BTC will try to reach 40K - the upper border of consolidation, I still would like to consider today shorter-term perspective.
IT seems that we have some signs of thrust on intraday chart and it is very probable that market tends to form "222" Sell pattern. Based on it, we suggest reaching of ~35.8-36K target that is also 5/8 Fib level. Once this level will be reached, we expect at least 30% pullback to ~35K area. This is minimum "222" pattern target.
Thus, scalp traders could think about short-term bearish position, if on 15 min chart there will be some bearish pattern around 36K. While bulls should keep an eye on 35K area retracement, when "222" hits the target.
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。