Lucky to get 38K pullback before collapse
Morning folks,
This week is relatively quiet as geopolitical tensions calm down temporarily while everything that could be said about Fed hawkish policy already was said... But it doesn't mean that situation is changing. We treat current action as temporal relief and still do not see any signs of reversal and think that it is early to invest in BTC. Just watch the video on the FPA site for analysis of other time frames and more in-depth analysis.
So, we still see nothing to do for the bulls.
For the bears... maybe you could consider this pattern. BTC could start dropping right now, and we become lucky if first, we get upside bounce to 38K to form the right arm...
This week is relatively quiet as geopolitical tensions calm down temporarily while everything that could be said about Fed hawkish policy already was said... But it doesn't mean that situation is changing. We treat current action as temporal relief and still do not see any signs of reversal and think that it is early to invest in BTC. Just watch the video on the FPA site for analysis of other time frames and more in-depth analysis.
So, we still see nothing to do for the bulls.
For the bears... maybe you could consider this pattern. BTC could start dropping right now, and we become lucky if first, we get upside bounce to 38K to form the right arm...
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.