SEC on Fire
Morning folks,
We warned even in February that regulation will become one of the major drivers this year. And now we're getting only fist fruits. Our scepsis on reliability of current rally is confirmed by price action and explains why we haven't considered any long entry despite, at first glance, solid BTC jumps.
On Thu, last week, we already warned about potential weakness on daily chart, as market was not able to re-start upward action from strong support area. Chances on downside continuation increases. On daily target remains around 24.2K. On this, 4H chart we have two more intermediate targets, based on potential butterfly. Market is forming flag consolidation right above the lows, which could mean preparation for challenge.
We warned even in February that regulation will become one of the major drivers this year. And now we're getting only fist fruits. Our scepsis on reliability of current rally is confirmed by price action and explains why we haven't considered any long entry despite, at first glance, solid BTC jumps.
On Thu, last week, we already warned about potential weakness on daily chart, as market was not able to re-start upward action from strong support area. Chances on downside continuation increases. On daily target remains around 24.2K. On this, 4H chart we have two more intermediate targets, based on potential butterfly. Market is forming flag consolidation right above the lows, which could mean preparation for challenge.
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.