Morning guys,
Our short-term trading plan is focused on major 5/8 Fib support, which should be reached by our view. This stuff we've discussed yesterday.
Now we have new details here, on 1H chart and think that BTC is forming 3-Drive "Buy" pattern, which agrees with our major support level. Thus, bulls could consider long entry around 7040-7060 area.
As soon as (and if) market will show first response to support - don't forget to tight stops at breakeven.
Bears probably should sit on the hands by far and be patient, as they need downside breakout of the major support, which suggests 3-Drive failure.
Our short-term trading plan is focused on major 5/8 Fib support, which should be reached by our view. This stuff we've discussed yesterday.
Now we have new details here, on 1H chart and think that BTC is forming 3-Drive "Buy" pattern, which agrees with our major support level. Thus, bulls could consider long entry around 7040-7060 area.
As soon as (and if) market will show first response to support - don't forget to tight stops at breakeven.
Bears probably should sit on the hands by far and be patient, as they need downside breakout of the major support, which suggests 3-Drive failure.
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.