Indecision
Morning everybody,
So, first euphoria around BlackRock's ETF starts to fade and market immediately turns to indecision performance. Although our last time scenario has been completed accurately and BTC has re-tested the top, it was not able to proceed higher and continue major upside tendency.
This makes us think that some time it could spend in flat, which is best scenario. But we also do not exclude more extended down, to 28.5K major support area.
As usually we do with the range - depending on your preferable direction watch for patterns inside the range, take position closer to opposite borders or use stop entry orders around borders for the case of breakout. Now we do not have any clear patterns.
So, first euphoria around BlackRock's ETF starts to fade and market immediately turns to indecision performance. Although our last time scenario has been completed accurately and BTC has re-tested the top, it was not able to proceed higher and continue major upside tendency.
This makes us think that some time it could spend in flat, which is best scenario. But we also do not exclude more extended down, to 28.5K major support area.
As usually we do with the range - depending on your preferable direction watch for patterns inside the range, take position closer to opposite borders or use stop entry orders around borders for the case of breakout. Now we do not have any clear patterns.
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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