We consider $37.3K and $35.7K
Morning folks,
So, BTC expectedly erased all potential bullish patterns around support area that we've discussed last time. H&S also has failed. With the recent J.Powell comments and dynamic of the S&P index we suggest downside continuation on BTC, with the nearest short term targets of 37.3K and 35.7K of 1H butterfly pattern.
In the longer-term we do not see any reasons to change our long term view by far, and still expect that BTC should reach 26K area at least, in mid term perspective. That's why we think that time for long-term investing in BTC is not come yet.
So, BTC expectedly erased all potential bullish patterns around support area that we've discussed last time. H&S also has failed. With the recent J.Powell comments and dynamic of the S&P index we suggest downside continuation on BTC, with the nearest short term targets of 37.3K and 35.7K of 1H butterfly pattern.
In the longer-term we do not see any reasons to change our long term view by far, and still expect that BTC should reach 26K area at least, in mid term perspective. That's why we think that time for long-term investing in BTC is not come yet.
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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