Morning everybody,
Our previous entry was OK, market has hit first 5500 target which is 1.618 AB-CD on hourly chart.
Still we have daily 0.618 AB-CD extension that stands around 6600$. Besides, as BTC has broken rectangle upside, it should pass its width in the same direction and it also points on 6600$.
Here we could try to apply the same strategy - trying to take position at lower border of the channel, which also will be K-support area.
Our previous entry was OK, market has hit first 5500 target which is 1.618 AB-CD on hourly chart.
Still we have daily 0.618 AB-CD extension that stands around 6600$. Besides, as BTC has broken rectangle upside, it should pass its width in the same direction and it also points on 6600$.
Here we could try to apply the same strategy - trying to take position at lower border of the channel, which also will be K-support area.
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.