Morning folks,
So, picture barely has changes since our last discussion. Right now we do not see any ready-to-trade setups. But suggest some bullish support to the market. After major XOP target has been reached - BTC has not dropped but remains in tight consolidation. This is more a bullish sign.
In general, we could suggest here a kind of reverse H&S shape. It makes us think that until BTC price is above ~ 81K area, it keeps chances on upside breakout. Drop below 81K will lead BTC back to the previous lows.
So, if you would like to buy - try to do this as closer to the lows of consolidation as possible. We consider no shorts by far.
So, picture barely has changes since our last discussion. Right now we do not see any ready-to-trade setups. But suggest some bullish support to the market. After major XOP target has been reached - BTC has not dropped but remains in tight consolidation. This is more a bullish sign.
In general, we could suggest here a kind of reverse H&S shape. It makes us think that until BTC price is above ~ 81K area, it keeps chances on upside breakout. Drop below 81K will lead BTC back to the previous lows.
So, if you would like to buy - try to do this as closer to the lows of consolidation as possible. We consider no shorts by far.
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.