BitcoinShort
Perfect start
Morning folks,
Hopefully you had a great Xmas time... Today we do not have a lot to comment. Our view we've explained in previous update
Setup has started just perfect. Once upside AB-CD was done, the H&S starts. Now we consider two points - 89.5-90K, mostly because of Fib support and oversold on daily chart[/b]
And the major one around 82K as a H&S downside target. 10-year yields are keep climbinghttps://www.tradingview.com/x/o2MziTkf/ with 4.75% target by our view. So the pressure on all dollar rivals will remain for some time.
Thus, no longs, if you've missed entry on top, no problems, you could try to step in on minor intraday pullback.
Hopefully you had a great Xmas time... Today we do not have a lot to comment. Our view we've explained in previous update
Setup has started just perfect. Once upside AB-CD was done, the H&S starts. Now we consider two points - 89.5-90K, mostly because of Fib support and oversold on daily chart[/b]
And the major one around 82K as a H&S downside target. 10-year yields are keep climbinghttps://www.tradingview.com/x/o2MziTkf/ with 4.75% target by our view. So the pressure on all dollar rivals will remain for some time.
Thus, no longs, if you've missed entry on top, no problems, you could try to step in on minor intraday pullback.
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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