It's all around 6225$
Hi everybody,
Currently BTC shows downside action due "222" Sell pattern that has been formed recently.
For bulls, it is vital the price stop either at 5/8 Fib support or, at least above 6225$ lows.
In this case BTC will keep chances to show upside retracement to 3/8 Fib resistance according to our yesterday scenario.
If these lows will be broken, we're going directly to our 5900$ nearest target.
Please combine this report with previous one to better understand the whole picture.
It is another nuance that diminish chances on bullish prespective. Please follow our signature link, dedicated to BTC analysis to know details, clear patterns targets.
Currently BTC shows downside action due "222" Sell pattern that has been formed recently.
For bulls, it is vital the price stop either at 5/8 Fib support or, at least above 6225$ lows.
In this case BTC will keep chances to show upside retracement to 3/8 Fib resistance according to our yesterday scenario.
If these lows will be broken, we're going directly to our 5900$ nearest target.
Please combine this report with previous one to better understand the whole picture.
It is another nuance that diminish chances on bullish prespective. Please follow our signature link, dedicated to BTC analysis to know details, clear patterns targets.
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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