Morning guys,
Today is great news as market stands at 10.2K and ready to challenge the daily top. This is promised to be the decisive journey as a lot of things will change is BTC will break it up. But this is different story.
Now, as you can see market not just has hit our OP target but has reached XOP 1.618 extension, breaking 5/8 Fib level and totally erased downside AB-CD pattern. So, context here stands bullish and we need to set new target. Most logical is to consider some upside extensions and nearest one stands in the shape of butterfly with 10.85K destination point.
As BTC is not at overbought or at some Fib resistance, we should not get too deep pullback. Most probable is 10K and 9.8K levels on 1H chart where position might be taken.
Today is great news as market stands at 10.2K and ready to challenge the daily top. This is promised to be the decisive journey as a lot of things will change is BTC will break it up. But this is different story.
Now, as you can see market not just has hit our OP target but has reached XOP 1.618 extension, breaking 5/8 Fib level and totally erased downside AB-CD pattern. So, context here stands bullish and we need to set new target. Most logical is to consider some upside extensions and nearest one stands in the shape of butterfly with 10.85K destination point.
As BTC is not at overbought or at some Fib resistance, we should not get too deep pullback. Most probable is 10K and 9.8K levels on 1H chart where position might be taken.
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.