Morning guys,
BTC keeps our scenario accurately, by showing really small retracement and just re-testing of previous broken tops. As a result we have upside channel on daily chart. Following to this pattern we again could suggest the same
harmonic retracement and re-testing of previous top. As initial swing down looks strong enough, this makes us think on 2-leg downside action in a shape of some AB-CD pattern, that should give us "222' Buy" pattern.
As we have nearest target around 10.5K - our trading plan suggests waiting of pullback somewhere to 9.5K area and there to consider long entry with 10.5K+ target.
BTC keeps our scenario accurately, by showing really small retracement and just re-testing of previous broken tops. As a result we have upside channel on daily chart. Following to this pattern we again could suggest the same
harmonic retracement and re-testing of previous top. As initial swing down looks strong enough, this makes us think on 2-leg downside action in a shape of some AB-CD pattern, that should give us "222' Buy" pattern.
As we have nearest target around 10.5K - our trading plan suggests waiting of pullback somewhere to 9.5K area and there to consider long entry with 10.5K+ target.
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.