Morning folks,
So, once our bearish trade was over, market turns to AB=CD upside shape, that we intend to follow. 97K is rather strong resistance, so we consider 96.5K as the nearest upside target. BTC shows nice acceleration, so, it has not bad chances to proceed.
For entry we intend to use reverse H&S shape on 1H chart. 90K area looks interesting now for potential long entry...
So, once our bearish trade was over, market turns to AB=CD upside shape, that we intend to follow. 97K is rather strong resistance, so we consider 96.5K as the nearest upside target. BTC shows nice acceleration, so, it has not bad chances to proceed.
For entry we intend to use reverse H&S shape on 1H chart. 90K area looks interesting now for potential long entry...
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.