Morning guys,
So, our daily XOP 6.3K target mostly is hit as well. This is vital area for long-term BTC perspective. If market will not able to hold above 6.3-7.2K Agreement area (agreement of 6.3 target and major 5/8 Fib support) - it turns to
downtrend on weekly. So:
Drop below 6.3 and moving toward 6K will mean that we're going to 4.2K
Drop below 4.2K will lead us to ultimate all time target around 1.8-2K
If price will able to hold above 6.3-7.2K - BTC will keep chances on upside continuation but it needs some tome to wait when clear bullish patterns will be formed.
In short-term (in few hours), bull scalpers could try to take long position around 6.3K area, because at least minor pullback should happen, I suppose. Move stops at breakeven as soon as possible. Use 4H butterfly "Buy" for this purpose.
Bears that do not have any position right now should do nothing - wait for pullback.
So, our daily XOP 6.3K target mostly is hit as well. This is vital area for long-term BTC perspective. If market will not able to hold above 6.3-7.2K Agreement area (agreement of 6.3 target and major 5/8 Fib support) - it turns to
downtrend on weekly. So:
Drop below 6.3 and moving toward 6K will mean that we're going to 4.2K
Drop below 4.2K will lead us to ultimate all time target around 1.8-2K
If price will able to hold above 6.3-7.2K - BTC will keep chances on upside continuation but it needs some tome to wait when clear bullish patterns will be formed.
In short-term (in few hours), bull scalpers could try to take long position around 6.3K area, because at least minor pullback should happen, I suppose. Move stops at breakeven as soon as possible. Use 4H butterfly "Buy" for this purpose.
Bears that do not have any position right now should do nothing - wait for pullback.
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。