Morning folks,
Minor update is here. On 1H picture, you do not see some things that stand on daily chart and 4H chart. In two words speaking, things that I see absolutely do not inspire me to consider long entry on BTC. It seems that some hidden bearish pressure exists here. Currently I do not exclude scenario with downside breakout and retracement to major 8K K-support area on daily chart within a week or so.
Thus, despite that market now stands at intraday 5/8 Fib support, I still think that our AB=CD pattern has good chances to be completed (to say the least). To get total relax and assurance that BTC stands in long-term bull trend price has to move above 10K top. Until this happens any upside action are not reliable enough and might become just minor upside extension before deeper drop.
Minor update is here. On 1H picture, you do not see some things that stand on daily chart and 4H chart. In two words speaking, things that I see absolutely do not inspire me to consider long entry on BTC. It seems that some hidden bearish pressure exists here. Currently I do not exclude scenario with downside breakout and retracement to major 8K K-support area on daily chart within a week or so.
Thus, despite that market now stands at intraday 5/8 Fib support, I still think that our AB=CD pattern has good chances to be completed (to say the least). To get total relax and assurance that BTC stands in long-term bull trend price has to move above 10K top. Until this happens any upside action are not reliable enough and might become just minor upside extension before deeper drop.
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。