Morning guys,
In last three weeks the trading range has contracted drastically. It can't last too long and sooner rather than later strong action will happen. Our suggestion that it should happened to the downside.
We keep the same 6.4-7.2$ target by far and do not see any signs that could force us to change our view.
On daily/intraday charts BTC continues action inside the channel. As we have bearish view - we will keep an eye on any hints that suggest downside breakout and the most probable one could be early reversal down, somewhere
in the middle of the channel.
Now we have 8.3-8.5$ level as nearest target of upside action, where potentially it could happen. Conversely BTC will continue moving to the upper border of the channel which is also K-resistance area and AB=CD target.
That's in two words what we're going to do in nearest few days.
In last three weeks the trading range has contracted drastically. It can't last too long and sooner rather than later strong action will happen. Our suggestion that it should happened to the downside.
We keep the same 6.4-7.2$ target by far and do not see any signs that could force us to change our view.
On daily/intraday charts BTC continues action inside the channel. As we have bearish view - we will keep an eye on any hints that suggest downside breakout and the most probable one could be early reversal down, somewhere
in the middle of the channel.
Now we have 8.3-8.5$ level as nearest target of upside action, where potentially it could happen. Conversely BTC will continue moving to the upper border of the channel which is also K-resistance area and AB=CD target.
That's in two words what we're going to do in nearest few days.
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.