BitcoinShort
Downside potential is 81K
Morning folks,
So, our bearish ideas seem to be correct last time... Now we think that weekly TF is most perspective for BTC, because here we could get DiNapoli DRPO "Sell". First signs are already here, but for final confirmation we need close below MA line.
Meantime, on intraday charts, BTC is forming the Diamond consolidation, and on the same weekly one we have "Shooting star" on top. So, if you would like to go short earlier, you could use both pattern with the stops against the recent top.
Conservative traders could wait for confirmation of the pattern still. We consider no longs by far.
So, our bearish ideas seem to be correct last time... Now we think that weekly TF is most perspective for BTC, because here we could get DiNapoli DRPO "Sell". First signs are already here, but for final confirmation we need close below MA line.
Meantime, on intraday charts, BTC is forming the Diamond consolidation, and on the same weekly one we have "Shooting star" on top. So, if you would like to go short earlier, you could use both pattern with the stops against the recent top.
Conservative traders could wait for confirmation of the pattern still. We consider no longs 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/
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