Morning guys,
Well BTC has completed our short-term target rather fast. Unfortunately it is not possible to put all charts here to show you the whole picture. But, on 4H we have H&S pattern and first 3900 target has been hit. This is AB=CD objective point an major 5/8 FIb level. So, we're at Agreement resistance.
Rally shows very good momentum and trading volume. This lets us count on reaching ultimate 1.618 H&S target @ 4140$. But first, we expect minor pullback, somewhere to 3800$ area.
For us it seems logical solution trying to go long at first 3/8 Fib support @ 3800$ with stops below K-support (3700-3720) and profit around 4140 target.
No bearish setups exist by far.
Well BTC has completed our short-term target rather fast. Unfortunately it is not possible to put all charts here to show you the whole picture. But, on 4H we have H&S pattern and first 3900 target has been hit. This is AB=CD objective point an major 5/8 FIb level. So, we're at Agreement resistance.
Rally shows very good momentum and trading volume. This lets us count on reaching ultimate 1.618 H&S target @ 4140$. But first, we expect minor pullback, somewhere to 3800$ area.
For us it seems logical solution trying to go long at first 3/8 Fib support @ 3800$ with stops below K-support (3700-3720) and profit around 4140 target.
No bearish setups exist by far.
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/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.