Morning folks,
So, only Peace Deal was able to change something here. But have a look, what changes are - no strong upside reaction, very weak and choppy price shape, slow upside swing. Yes, we've got the gap up, but this is not a guarantee of bullish background.
In 1-2 sessions I would keep an eye on the gap. If price will close it and drop under Friday's lows - no upside continuation will happen, market will keep going lower. Conversely, if it holds it, then the next level that BTC is aimed to will be ~68K daily resistance area.
Peace Deal raises a lot of concerns. The Iranian demands rather impudent, so if the US will sign it, it will loose a lot of reputation there. The one of the reasons why they could do this is just to get some time.
Second question is, if even we suggest that it is real Deal - how much cash BTC will get from released cashflows in a case of crude oil price drop? Stocks probably will grab the bulk of it.
Too many questions, and I prefer to wait for some reaction first before making long-term conclusions.
So, only Peace Deal was able to change something here. But have a look, what changes are - no strong upside reaction, very weak and choppy price shape, slow upside swing. Yes, we've got the gap up, but this is not a guarantee of bullish background.
In 1-2 sessions I would keep an eye on the gap. If price will close it and drop under Friday's lows - no upside continuation will happen, market will keep going lower. Conversely, if it holds it, then the next level that BTC is aimed to will be ~68K daily resistance area.
Peace Deal raises a lot of concerns. The Iranian demands rather impudent, so if the US will sign it, it will loose a lot of reputation there. The one of the reasons why they could do this is just to get some time.
Second question is, if even we suggest that it is real Deal - how much cash BTC will get from released cashflows in a case of crude oil price drop? Stocks probably will grab the bulk of it.
Too many questions, and I prefer to wait for some reaction first before making long-term conclusions.
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/
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
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/
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.