Morning everybody,
Last week market was so lazy that it is nothing to discuss on higher time frames. Price played some tricks with our H&S pattern, grabbing the stops below initially formed right arm's bottom during NFP release. THus, market makers tricks start to appear on BTC market as well.
Still, our bullish setup has not been erased as price holds above the head and H&S is valid. Thus we keep our short-term bullish view, which means no shorts and focus on 9.4K area. Potentially BTC could climb further as higher time frames hint on 10K area as well.
As we've estimated in our monthly fundamental research - fundamental background stands positive as well.
Last week market was so lazy that it is nothing to discuss on higher time frames. Price played some tricks with our H&S pattern, grabbing the stops below initially formed right arm's bottom during NFP release. THus, market makers tricks start to appear on BTC market as well.
Still, our bullish setup has not been erased as price holds above the head and H&S is valid. Thus we keep our short-term bullish view, which means no shorts and focus on 9.4K area. Potentially BTC could climb further as higher time frames hint on 10K area as well.
As we've estimated in our monthly fundamental research - fundamental background stands positive as well.
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.