Morning guys,
It is no need to make big update today as our major pattern is valid, BTC gradual creeps to the neckline and we keep an eye on its breakout.
Those who has missed our major entry but still consider taking of long position could think about 7.4K area on 1H chart. Touching of neckline of daily reverse H&S right before its breakout hardly will trigger deep retracement, but some minor pullback is possible. And this minor pullback could be right to 7.4K - combination of two Fib levels from different swings (DiNapoli calls it as Confluence support).
If we will get AB-CD type retracement there and small "222" Buy - all the better.
That's all that we would like to add today. Let's see what will happen with our H&S pattern...
It is no need to make big update today as our major pattern is valid, BTC gradual creeps to the neckline and we keep an eye on its breakout.
Those who has missed our major entry but still consider taking of long position could think about 7.4K area on 1H chart. Touching of neckline of daily reverse H&S right before its breakout hardly will trigger deep retracement, but some minor pullback is possible. And this minor pullback could be right to 7.4K - combination of two Fib levels from different swings (DiNapoli calls it as Confluence support).
If we will get AB-CD type retracement there and small "222" Buy - all the better.
That's all that we would like to add today. Let's see what will happen with our H&S pattern...
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.