3-Drive instead of H&S
Morning folks,
So, BTC keeps positive mood. Environment also stands friendly - DXY collapsed and yields are going down. We sill consider market reaction on strong weekly resistance area of 36K, but change the pattern that could put the start for this reaction.
Last week we've considered possible H&S. Recent price action now makes us to change our view in favor of 3-Drive "Sell" pattern, because H&S shape is clearly deteriorated. It means that 36-36.25K area potentially is the one where reaction could start
So, BTC keeps positive mood. Environment also stands friendly - DXY collapsed and yields are going down. We sill consider market reaction on strong weekly resistance area of 36K, but change the pattern that could put the start for this reaction.
Last week we've considered possible H&S. Recent price action now makes us to change our view in favor of 3-Drive "Sell" pattern, because H&S shape is clearly deteriorated. It means that 36-36.25K area potentially is the one where reaction could start
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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