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Market now stands mostly indecision, although it keeps long-term positive mood and stable demand for BTC exists, but it sharply needs some strong driving factor, that could push market out of wide consolidation where it is right now.
We believe that ICE Bakkt launch should become the one.
Meantime, BTC in triangle. In short-term perspective it will proceed in direction of breakout. Downside breakout should lead it back to 9K lows, while upside breakout will lead price to 11-11.2K area.
Thus, if you do not trade breakouts - wait for it will happen. Those, who trades them could use stop entry orders - Stop "Sell" around 9,85K and Stop "Buy" around 10.5K, I suppose.
Market now stands mostly indecision, although it keeps long-term positive mood and stable demand for BTC exists, but it sharply needs some strong driving factor, that could push market out of wide consolidation where it is right now.
We believe that ICE Bakkt launch should become the one.
Meantime, BTC in triangle. In short-term perspective it will proceed in direction of breakout. Downside breakout should lead it back to 9K lows, while upside breakout will lead price to 11-11.2K area.
Thus, if you do not trade breakouts - wait for it will happen. Those, who trades them could use stop entry orders - Stop "Sell" around 9,85K and Stop "Buy" around 10.5K, I suppose.
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.