Pullback to 60.3K
Morning folks,
Probably I should make it as an update of previous idea... anyway... BTC shows upside bounce from the 1st 52K target. The pullback obviously is taking shape of reverse H&S pattern. Thus, the setup #1 for scalp bulls. You could think about this pattern, and its target around 60.3K
For the bears it is nothing so far. You should watch for 2 moments - either H&S failure, or its completion around 60.3K Fib level and consider any ways for short entry there, if we get corresponding trading setup.
For now it seems early to bet on downside continuation.
Probably I should make it as an update of previous idea... anyway... BTC shows upside bounce from the 1st 52K target. The pullback obviously is taking shape of reverse H&S pattern. Thus, the setup #1 for scalp bulls. You could think about this pattern, and its target around 60.3K
For the bears it is nothing so far. You should watch for 2 moments - either H&S failure, or its completion around 60.3K Fib level and consider any ways for short entry there, if we get corresponding trading setup.
For now it seems early to bet on downside continuation.
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/
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