Morning folks,
So we've got great entry with our H&S but it is early to relax. To avoid long explanations - BTC has to stay above 105K lows to keep current tendency valid. So, if you still plan to buy BTC here - you do not need to watch for too deep standing Fib levels.
If BTC will still drop below 105K, we could get extended downside action to 100K and maybe even deeper.
Nearest upside target with our current plan is 111.65K.
So we've got great entry with our H&S but it is early to relax. To avoid long explanations - BTC has to stay above 105K lows to keep current tendency valid. So, if you still plan to buy BTC here - you do not need to watch for too deep standing Fib levels.
If BTC will still drop below 105K, we could get extended downside action to 100K and maybe even deeper.
Nearest upside target with our current plan is 111.65K.
Trade active
So we have minimal changes since Thu due to the long weekend. The only thing that I would add here - potential butterfly, that could lead us right to the target. So, we keep 111.50-111.65 as a destination point for now:
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.