BitcoinLong
Bearish adventure starts
Morning folks,
So, here we go... downside action starts as we've discussed last time. On weekly chart we still wait for confirmation in a way of price close below 3x3 DMA.
While on a daily one price hits oversold level. Those who know about this - we have DiNapoli bullish "Stretch" pattern for now, suggesting the pullback. That's why we do not consider immediate short entry.
Our 4H Diamond has worked just perfect. So everything goes absolutely fine.
For now we consider no longs on daily/weekly basis and waiting for the bounce, supposedly to ~102.20K area. Scalp traders on 1H TF and below could consider scalp long position with the same target.
I mark this setup as bullish because of this pullback. But, in general we keep bearish view...
So, here we go... downside action starts as we've discussed last time. On weekly chart we still wait for confirmation in a way of price close below 3x3 DMA.
While on a daily one price hits oversold level. Those who know about this - we have DiNapoli bullish "Stretch" pattern for now, suggesting the pullback. That's why we do not consider immediate short entry.
Our 4H Diamond has worked just perfect. So everything goes absolutely fine.
For now we consider no longs on daily/weekly basis and waiting for the bounce, supposedly to ~102.20K area. Scalp traders on 1H TF and below could consider scalp long position with the same target.
I mark this setup as bullish because of this pullback. But, in general we keep bearish view...
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.