Morning folks,
BTC shows positive performance, we see signs of thrust on daily chart. Meantime, price hits weekly Overbought area and it makes sense to consider minor pullback. At the first stage we like 42.7K K-support area and previous top where we intend to consider long entry. Since H&S pattern is possible here - once 42.7K will be touched, it would be better to move stops to breakeven.
In a case of H&S failure, our next target is 50-51K as it is shown on previous idea.
BTC shows positive performance, we see signs of thrust on daily chart. Meantime, price hits weekly Overbought area and it makes sense to consider minor pullback. At the first stage we like 42.7K K-support area and previous top where we intend to consider long entry. Since H&S pattern is possible here - once 42.7K will be touched, it would be better to move stops to breakeven.
In a case of H&S failure, our next target is 50-51K as it is shown on previous idea.
Note
Guys, today we do not need new charts, as our view stands the same. Sentiment on the market is positive. But, as BTC stands at weekly overbought and daily 5/8 Fib resistance - we prefer to wait for pullback, at least to 42-43K area to consider long entry.
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.