The tricky pattern
Morning folks,
On BTC we've got the pullback as on all the other markets, which could be wrongly treated as preparation to reversal. We do not follow to this suggestion and still keep 26K target on the table. So, our position is - No investments in BTC by far.
Still, for short-term trading, you could consider this hourly reverse H&S pattern that might start from ~ 38K and potentially could reach 43K target. But, to get it we need silence from the geopolitical arena. Any surprises that hardly will be positive, push BTC to new lows. In this case, the coming J. Powell speech on Thursday and NFP release most probably will be ignored.
On BTC we've got the pullback as on all the other markets, which could be wrongly treated as preparation to reversal. We do not follow to this suggestion and still keep 26K target on the table. So, our position is - No investments in BTC by far.
Still, for short-term trading, you could consider this hourly reverse H&S pattern that might start from ~ 38K and potentially could reach 43K target. But, to get it we need silence from the geopolitical arena. Any surprises that hardly will be positive, push BTC to new lows. In this case, the coming J. Powell speech on Thursday and NFP release most probably will be ignored.
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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