Morning guys,
On BTC right now we see, let's call it "dead cat bounce" - final spike up to totally complete daily XOP target and reach Fib level. Simultaneously BTC has finalized 4H butterfly, reaching its 1.618 target. This pattern we've discussed previously.
That's why we do not treat this action as upside continuation and still focus on downside retracement. Which makes us consider possible 1.27 H&S pattern here.
On BTC right now we see, let's call it "dead cat bounce" - final spike up to totally complete daily XOP target and reach Fib level. Simultaneously BTC has finalized 4H butterfly, reaching its 1.618 target. This pattern we've discussed previously.
That's why we do not treat this action as upside continuation and still focus on downside retracement. Which makes us consider possible 1.27 H&S pattern here.
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.