Morning folks,
Do not want to bore you with long speeches. Market keeps bullish context - H&S at 4H chart is cancelled, and only minimal reaction on our "222" Sell here has followed - just 3/8 retracement.
Currently bullish cup is forming near the top, suggesting upside action. May be it will not become a rally continuation but at least stops should be grabbed above the top.
Still, foundation of bullish setup is fragile - Hash rate starts dropping, retracement on stock is widely expected as market that totally has lost touch to reality. That's why try to follow near standing targets, move stops to b/e asap, etc.
For the bulls - wait for the handle around 5/8 support ~9.5K area with stops below the cup. Alternatively - you could use Stop "Buy" order around 10035$ level, we've talked about it already. Or - combine these two ways.
For the bears - nothing to do by far. If market will break cup's bottom - then, may be something will be possible.
Take care and good luck
S.
Do not want to bore you with long speeches. Market keeps bullish context - H&S at 4H chart is cancelled, and only minimal reaction on our "222" Sell here has followed - just 3/8 retracement.
Currently bullish cup is forming near the top, suggesting upside action. May be it will not become a rally continuation but at least stops should be grabbed above the top.
Still, foundation of bullish setup is fragile - Hash rate starts dropping, retracement on stock is widely expected as market that totally has lost touch to reality. That's why try to follow near standing targets, move stops to b/e asap, etc.
For the bulls - wait for the handle around 5/8 support ~9.5K area with stops below the cup. Alternatively - you could use Stop "Buy" order around 10035$ level, we've talked about it already. Or - combine these two ways.
For the bears - nothing to do by far. If market will break cup's bottom - then, may be something will be possible.
Take care and good luck
S.
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.