Morning guys,
This is what we call as "Black Friday".... Yes, we have bearish view and yet we intend to consider how market response on 7.2K area and whether reverse H&S on daily will fail or not - answer has come fast, market collapsed.
It is no needed to talk a lot here. Just two moments. First is - next target 3.3K. There we will consider how market challenges all-time lows. Ultimately, if we will get butterfly "Buy" here - it could be as low as just 276 bucks per coin.
Second moment - take a look that drop stands on a background of rising hash rate. This is not Blockchain and BTC driving factor, guys, This is global cash flows stand beyond recent collapse.
This is what we call as "Black Friday".... Yes, we have bearish view and yet we intend to consider how market response on 7.2K area and whether reverse H&S on daily will fail or not - answer has come fast, market collapsed.
It is no needed to talk a lot here. Just two moments. First is - next target 3.3K. There we will consider how market challenges all-time lows. Ultimately, if we will get butterfly "Buy" here - it could be as low as just 276 bucks per coin.
Second moment - take a look that drop stands on a background of rising hash rate. This is not Blockchain and BTC driving factor, guys, This is global cash flows stand beyond recent collapse.
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.