Morning everybody,
So "222" Sell operation has done perfect. This is good preparation for NFP release. Right on top of "222" reversal we've got H&S pattern on 1H chart. Now, "222" is completed the minimum target as 3/8 Fib level is touched. But if you intend to keep shorts - move stops just above the right arm of H&S.
Those of you who doesn't have short position but consider to sell - could use the same pattern with showed targets and the same stop above right arm. But... you have to pass through doom&gloom of NFP report. And this is not as pleasant as to have riskless position.
Our suggestion that numbers below 400k push BTC back to 40K area, breaking the short-term bearish context. While numbers around expected 600K level keep bearish context valid.
According to our sentiment analysis chances on another lows as on ETH as on BTC stands high. Before major reversal cryptos could dive once more.
So "222" Sell operation has done perfect. This is good preparation for NFP release. Right on top of "222" reversal we've got H&S pattern on 1H chart. Now, "222" is completed the minimum target as 3/8 Fib level is touched. But if you intend to keep shorts - move stops just above the right arm of H&S.
Those of you who doesn't have short position but consider to sell - could use the same pattern with showed targets and the same stop above right arm. But... you have to pass through doom&gloom of NFP report. And this is not as pleasant as to have riskless position.
Our suggestion that numbers below 400k push BTC back to 40K area, breaking the short-term bearish context. While numbers around expected 600K level keep bearish context valid.
According to our sentiment analysis chances on another lows as on ETH as on BTC stands high. Before major reversal cryptos could dive once more.
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.