Morning guys,
So, our long-term weekly trage that we've talked about in recent 2-3 months has been mostly reached (just 100$ difference). Collapse was really miserable.
BTC has completed our daily butterfly as well and now stands oversold on daily chart. There is definitely some kind of shock exists here, which turn BTC to some time of flat action and retracement.
But, since drop was really miserable, we do not exclude downside continuation a bit later.
Today, it is possible AB=CD retracement on hourly chart somewhere to 5800$. But what is really interesting - what will happen with mining. BTC stands around global average price of mining. How crypto world will react on this moment,
what will happen with mining and what impact on BTC price will follow. It needs some time for accompdation to this price.
So, as on Bitfinex action, as on yesterday collapse - we expect some silience in trading while investors will come in habit with a new reality and new prices of BTC.
you can see daily videos on BTC on our website, with more charts in it.
So, our long-term weekly trage that we've talked about in recent 2-3 months has been mostly reached (just 100$ difference). Collapse was really miserable.
BTC has completed our daily butterfly as well and now stands oversold on daily chart. There is definitely some kind of shock exists here, which turn BTC to some time of flat action and retracement.
But, since drop was really miserable, we do not exclude downside continuation a bit later.
Today, it is possible AB=CD retracement on hourly chart somewhere to 5800$. But what is really interesting - what will happen with mining. BTC stands around global average price of mining. How crypto world will react on this moment,
what will happen with mining and what impact on BTC price will follow. It needs some time for accompdation to this price.
So, as on Bitfinex action, as on yesterday collapse - we expect some silience in trading while investors will come in habit with a new reality and new prices of BTC.
you can see daily videos on BTC on our website, with more charts in it.
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.