Morning guys,
This update is better to combine with previous one, as here we discuss just the final moment of our setup. Last week, we said, that 6940 area is the one that will be very important for BTC. Breaking of this level down will open road below daily lows while upside bounce could lead not just to simple retracement but, ultimately to extended upside action.
At the same time, if you have bullish view and search setup for long entry - here is the one to consider. 6940 is Agreement of our downside AB=CD target and 5/8 Fib support, now we have 3-Drive "Buy" around as well. All this stuff makes it interesting for taking long position. If even market will stay bearish, it should show some pullback out of this level at first touch. This lets us to move stops to breakeven and significantly decrease chances to get loss.
This update is better to combine with previous one, as here we discuss just the final moment of our setup. Last week, we said, that 6940 area is the one that will be very important for BTC. Breaking of this level down will open road below daily lows while upside bounce could lead not just to simple retracement but, ultimately to extended upside action.
At the same time, if you have bullish view and search setup for long entry - here is the one to consider. 6940 is Agreement of our downside AB=CD target and 5/8 Fib support, now we have 3-Drive "Buy" around as well. All this stuff makes it interesting for taking long position. If even market will stay bearish, it should show some pullback out of this level at first touch. This lets us to move stops to breakeven and significantly decrease chances to get loss.
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。