Morning guys,
On Friday we've missed a bit with downside retracement on 1H chart as BTC has not formed AB-CD pattern but turned up earlier. Still overall trading setup of 2 weeks was successful and
bet on reverse H&S pattern brought good result. Our 4140$ target that we've talked about has been hit.
Meantime, our long-term bearish setup stands intact as well. That is what we discussed in our videos. Despite solid rally to 4140 daily butterfly is valid and BTC has shown sharp reversal session, which suggests
at least further move down, or, as we hope, re-establishing of long-term bear trend, as our major 1800-2000$ has not been hit yet.
We suggest that pullback on 1H chart could reach 3/8 FIb level @ 3895$ which should be suitable for short entry.
On Friday we've missed a bit with downside retracement on 1H chart as BTC has not formed AB-CD pattern but turned up earlier. Still overall trading setup of 2 weeks was successful and
bet on reverse H&S pattern brought good result. Our 4140$ target that we've talked about has been hit.
Meantime, our long-term bearish setup stands intact as well. That is what we discussed in our videos. Despite solid rally to 4140 daily butterfly is valid and BTC has shown sharp reversal session, which suggests
at least further move down, or, as we hope, re-establishing of long-term bear trend, as our major 1800-2000$ has not been hit yet.
We suggest that pullback on 1H chart could reach 3/8 FIb level @ 3895$ which should be suitable for short entry.
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.