Morning folks,
So, market starts reaction on 83-85K resistance area. But we suggest that preparation process might be more extended and BTC could flirt with the top for some time. Speaking practically, we have a few bullish grabbers on daily chart, suggesting that some spike above the recent top should happen.
Thus, the most probable way and shape of the reaction is the butterfly pattern. At the same time, bulls have to hold 79.5K lows to keep this scenario intact. Otherwise, deeper drop starts.
So, for now we do not consider shorts by far. Long position taking cares some risks but market stands close to invalidation point so the cash risk looks relatively small, which makes the setup to be interesting.
So, market starts reaction on 83-85K resistance area. But we suggest that preparation process might be more extended and BTC could flirt with the top for some time. Speaking practically, we have a few bullish grabbers on daily chart, suggesting that some spike above the recent top should happen.
Thus, the most probable way and shape of the reaction is the butterfly pattern. At the same time, bulls have to hold 79.5K lows to keep this scenario intact. Otherwise, deeper drop starts.
So, for now we do not consider shorts by far. Long position taking cares some risks but market stands close to invalidation point so the cash risk looks relatively small, which makes the setup to be interesting.
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。