Morning folks,
So picture almost has not changed since our last talk. Now we get great setup on monthly chart with upside potential starting from 110K and up to 127K. And our task now is to join this coming action.
It would be great to get a pullback, but the shape of intraday market has changed slightly and it seems that BTC is forming 3-Drive "Sell" with target around 97K. Hopefully this pattern will trigger the pullback that we need.
If it happens, then the next area that we will be watching is around 88-90K, which is nice support area.
That's being said, our strategy for now is action to ~97-97.3K first and pullback to 88-90K second.
I mark this update as "bullish" due to our first point, but you've got the idea.
So picture almost has not changed since our last talk. Now we get great setup on monthly chart with upside potential starting from 110K and up to 127K. And our task now is to join this coming action.
It would be great to get a pullback, but the shape of intraday market has changed slightly and it seems that BTC is forming 3-Drive "Sell" with target around 97K. Hopefully this pattern will trigger the pullback that we need.
If it happens, then the next area that we will be watching is around 88-90K, which is nice support area.
That's being said, our strategy for now is action to ~97-97.3K first and pullback to 88-90K second.
I mark this update as "bullish" due to our first point, but you've got the idea.
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.