First - watching for 62K, then 67K
Morning folks,
So, everything goes with the plan, although the upside bounce that we've discussed is stronger than we thought. It means that bearish long-term patterns are still valid, say on monthly chart,
we do not consider short entry right now.
Vice versa, there are a few bullish patterns might be formed intraday. First is reverse H&S with 67K neckline, second is, the same on 1H chart.
Thus, if we get lucky and the pullback to ~ 62K area prior BTC hits 67K , we could consider long entry.
Otherwise, wait when BTC hits 67K neckline and wait when the right arm will be formed, as usual.
So, everything goes with the plan, although the upside bounce that we've discussed is stronger than we thought. It means that bearish long-term patterns are still valid, say on monthly chart,
we do not consider short entry right now.
Vice versa, there are a few bullish patterns might be formed intraday. First is reverse H&S with 67K neckline, second is, the same on 1H chart.
Thus, if we get lucky and the pullback to ~ 62K area prior BTC hits 67K , we could consider long entry.
Otherwise, wait when BTC hits 67K neckline and wait when the right arm will be formed, as usual.
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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