Morning guys,
So, the 1st stage of our trading plan is competed - AB-CD retracement hits the target that agrees with major 5/8 resistance. It means two things. If BTC indeed is bearish - it has to turn down right from here. If it doesn't do it it means that it is not bearish. That's simple. Because Agreement resistance is sufficient argument to turn down any bearish market.
Thus, if you intend to go short - here is the moment when you need to make a decision on taking short position. Bulls should wait for one of two things - either completion of downside breakout or failure of current setup. At current moment it is not good situation for taking long position
So, the 1st stage of our trading plan is competed - AB-CD retracement hits the target that agrees with major 5/8 resistance. It means two things. If BTC indeed is bearish - it has to turn down right from here. If it doesn't do it it means that it is not bearish. That's simple. Because Agreement resistance is sufficient argument to turn down any bearish market.
Thus, if you intend to go short - here is the moment when you need to make a decision on taking short position. Bulls should wait for one of two things - either completion of downside breakout or failure of current setup. At current moment it is not good situation for taking long position
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.