Morning everybody,
So, upside bounce that we've suggested yesterday is done. Now we have to match the facts. Such combination as uncompleted major targets at 9680 and 9000$, downside acceleration on daily chart and
reaching of strong resistance on 1H chart (BTC is not at oversold on daily any more). Upside harmonic swing is done as well.
Thus, if market still stands bearish, this should be enough for downside continuation. Breaking 1H resistance area and move above consolidation doesn't match to bearish market and it changes short-term sentiment.
So, upside bounce that we've suggested yesterday is done. Now we have to match the facts. Such combination as uncompleted major targets at 9680 and 9000$, downside acceleration on daily chart and
reaching of strong resistance on 1H chart (BTC is not at oversold on daily any more). Upside harmonic swing is done as well.
Thus, if market still stands bearish, this should be enough for downside continuation. Breaking 1H resistance area and move above consolidation doesn't match to bearish market and it changes short-term sentiment.
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/