Morning folks,
Right before the Fed we've talked about bullish context and warned to not go short by far as sentiment stands bullish on the market. Recent jump based on our hourly H&S pattern was nice, but don't be upset if you have missed it. Because it was just a beginning, the first part of potential upside action.
Since we have next monthly target around 63.5 K and multiple bullish grabbers on daily chart, suggesting the new top - these two features could be perfectly finished by nicely looking butterfly pattern with 64K target. Thus - still no shorts until 53K daily lows are valid, long entry is possible with the stops below these lows, i.e. 53K and target around 63.5-64K. As BTC already is done perfect 5/8 retracement inside the butterfly and formed nicely looking "222" Buy on 1H chart as well.
Right before the Fed we've talked about bullish context and warned to not go short by far as sentiment stands bullish on the market. Recent jump based on our hourly H&S pattern was nice, but don't be upset if you have missed it. Because it was just a beginning, the first part of potential upside action.
Since we have next monthly target around 63.5 K and multiple bullish grabbers on daily chart, suggesting the new top - these two features could be perfectly finished by nicely looking butterfly pattern with 64K target. Thus - still no shorts until 53K daily lows are valid, long entry is possible with the stops below these lows, i.e. 53K and target around 63.5-64K. As BTC already is done perfect 5/8 retracement inside the butterfly and formed nicely looking "222" Buy on 1H chart as well.
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.