Morning everybody,
BTC shows lazy behavior in recent 1-2 sessions, so we keep our daily setup valid. It's bearish and target stands at 5900
Hence, any pullback that will be formed, we treat as chance to go short at better price. Now BTC stands at strong Fib resistance area and natural acc/dist. zone.
Although that we take in consideration possible "222" Sell pattern here, but at the same time, we do not exclude situation when BTC will fail to break this area and start dropping.
If price will drop below "C" point here and erase recent strong upside action we could get downside butterfly pattern.
BTC shows lazy behavior in recent 1-2 sessions, so we keep our daily setup valid. It's bearish and target stands at 5900
Hence, any pullback that will be formed, we treat as chance to go short at better price. Now BTC stands at strong Fib resistance area and natural acc/dist. zone.
Although that we take in consideration possible "222" Sell pattern here, but at the same time, we do not exclude situation when BTC will fail to break this area and start dropping.
If price will drop below "C" point here and erase recent strong upside action we could get downside butterfly pattern.
ForexPeaceArmy BTC analytics :
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/