BitcoinLong
Setups for any taste
Morning folks,
So, as we've said - don't upset if you missed long entry as we will get the chance later. Now retracement is under way.
WE have a few different trading scenarios. First is, those who would like to buy - our B&B "Buy" trade stands very close. Today we could get bullish grabber on daily chart that will be quite welcome.
On 4H chart the B&B could take the shape of H&S, or, better to say, its right arm. Thus, those who wants to Sell - keep an eye on 66.50-67K area, where potentially right arm should be formed.
Scalp traders also could watch for the bounce from the neckline to the right arm's top, say on 5-15 min chart, patterns etc., as usual.
It is the only tricky moment concerning the neck. And this concern is based on 1H downside AB-CD. The problems is CD leg acceleration. The 1.0 AB=CD target is done already, and BTC could try to turn up right from here. But, acceleration tells that 1.618 target might be reach, which is around 62.25$. So, the compromise decision might be is to split position in parts and take it gradually...
So, as we've said - don't upset if you missed long entry as we will get the chance later. Now retracement is under way.
WE have a few different trading scenarios. First is, those who would like to buy - our B&B "Buy" trade stands very close. Today we could get bullish grabber on daily chart that will be quite welcome.
On 4H chart the B&B could take the shape of H&S, or, better to say, its right arm. Thus, those who wants to Sell - keep an eye on 66.50-67K area, where potentially right arm should be formed.
Scalp traders also could watch for the bounce from the neckline to the right arm's top, say on 5-15 min chart, patterns etc., as usual.
It is the only tricky moment concerning the neck. And this concern is based on 1H downside AB-CD. The problems is CD leg acceleration. The 1.0 AB=CD target is done already, and BTC could try to turn up right from here. But, acceleration tells that 1.618 target might be reach, which is around 62.25$. So, the compromise decision might be is to split position in parts and take it gradually...
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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