61-62K for short entry
Morning folks,
BTC was not able to escape mass revision of public opinion, concerning next Fed move. Not occasionally last time we've expressed doubts that BTC could reach 67K target. Here we will not speak about all bearish signs that we see. To keep it short we have big bearish engulfing on weekly chart which makes us think that H&S pattern on 4H chart is very likely.
Thus, scalpers could watch for 55K area for potential long entry. While our base scenario stands for the daily chart and it is bearish. We intend to watch 61-62K area for potential short entry.
Although pullback to 61K is possible, I mark this idea as "bearish" based on our primary object
BTC was not able to escape mass revision of public opinion, concerning next Fed move. Not occasionally last time we've expressed doubts that BTC could reach 67K target. Here we will not speak about all bearish signs that we see. To keep it short we have big bearish engulfing on weekly chart which makes us think that H&S pattern on 4H chart is very likely.
Thus, scalpers could watch for 55K area for potential long entry. While our base scenario stands for the daily chart and it is bearish. We intend to watch 61-62K area for potential short entry.
Although pullback to 61K is possible, I mark this idea as "bearish" based on our primary object
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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