Greetings everybody,
BTC keeps our tactical bullish setup pretty nice by far. Despite we still think that this is just a pullback in a longer-term, it still could climb a bit higher.
As we've said previously, next target is 8K area - major 5/8 Fib resistance on daily chart and our 1.618 AB-CD target on 4H chart.
Still we have another setup on 1H chart as well, just recall our H&S pattern that we were following last week. Its first target, 7K is hit, next one is ultimate H&S target at 7.4-7.5 area.
Thus, it is possible to keep tactical longs, just do not forget to tight stops as well. Currently we have two objective points - 7.4 and next one is 7.8-8K
BTC keeps our tactical bullish setup pretty nice by far. Despite we still think that this is just a pullback in a longer-term, it still could climb a bit higher.
As we've said previously, next target is 8K area - major 5/8 Fib resistance on daily chart and our 1.618 AB-CD target on 4H chart.
Still we have another setup on 1H chart as well, just recall our H&S pattern that we were following last week. Its first target, 7K is hit, next one is ultimate H&S target at 7.4-7.5 area.
Thus, it is possible to keep tactical longs, just do not forget to tight stops as well. Currently we have two objective points - 7.4 and next one is 7.8-8K
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.