70.3K is a nearest target
Morning folks,
So, BTC nows shows good bullish context. Downside action was limited with our AB=CD. Due to couple of bullish grabbers on weekly chart we consider 70.3K Top as the nearest target.
On intraday charts we consider 62-63.5 and 61.15K Fib levels as potentially interesting for entry.
It is just unclear in what manner the pullback happens. Big reverse H&S pattern is more in favor of 61.15K area, while gradual minor retracement could point on 62-63K... Overall context bullish and we do not consider any bearish positions by far.
So, BTC nows shows good bullish context. Downside action was limited with our AB=CD. Due to couple of bullish grabbers on weekly chart we consider 70.3K Top as the nearest target.
On intraday charts we consider 62-63.5 and 61.15K Fib levels as potentially interesting for entry.
It is just unclear in what manner the pullback happens. Big reverse H&S pattern is more in favor of 61.15K area, while gradual minor retracement could point on 62-63K... Overall context bullish and we do not consider any bearish positions 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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