Morning guys,
Market finally has hit our OP target. Last time we've talked about signs that market has to show, if it is really bullish. They were suggesting upside reaction on combination of 5/8 Fib support and OP target.
Conversely, no reaction and drop below OP we've agreed to treat as bearish sign. Thus, you could make conclusion by yourself as overall picture is rather clear by our view.
BTC shows no reaction on OP + 5/8 Fib level target and opens road to the lows where we have next XOP target. Drop to XOP could trigger chain reaction of breakouts as reaching of XOP suggests erasing of Mr. Xi's rally.
Which, in turn, open road to daily $6.35K target. Once Xi rally has happened - we've called to not fall in euphoria but wait and see. Time tests any politician statement (recall Trump, for instance) and BTC has failed this test.
Maybe situation will change, but now we do not see any bullish signs - no patterns, no bullish performance, positive reaction on support, nothing...
Market finally has hit our OP target. Last time we've talked about signs that market has to show, if it is really bullish. They were suggesting upside reaction on combination of 5/8 Fib support and OP target.
Conversely, no reaction and drop below OP we've agreed to treat as bearish sign. Thus, you could make conclusion by yourself as overall picture is rather clear by our view.
BTC shows no reaction on OP + 5/8 Fib level target and opens road to the lows where we have next XOP target. Drop to XOP could trigger chain reaction of breakouts as reaching of XOP suggests erasing of Mr. Xi's rally.
Which, in turn, open road to daily $6.35K target. Once Xi rally has happened - we've called to not fall in euphoria but wait and see. Time tests any politician statement (recall Trump, for instance) and BTC has failed this test.
Maybe situation will change, but now we do not see any bullish signs - no patterns, no bullish performance, positive reaction on support, nothing...
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.