Next BTC target is -
Although the whole upside action is just a retracement after strong daily/4H plunge and potential '222" Sell is still ahead,
on 1H chart we have skewed reversed H&S pattern. Once BTC has hit our OP ~6520$ target recently and erase "Sell" opportunity of "222" pattern,
we suggest that next XOP target @ 6718 on the horizon.
Trading process here will not be simple, at least for new long entry, because of the way how price is moving right now.
Now clear patterns, no meaningful retracements.
But, as BTC stands right now at daily 3/8 Fib resistance, maybe we will get something valuable today
on 1H chart we have skewed reversed H&S pattern. Once BTC has hit our OP ~6520$ target recently and erase "Sell" opportunity of "222" pattern,
we suggest that next XOP target @ 6718 on the horizon.
Trading process here will not be simple, at least for new long entry, because of the way how price is moving right now.
Now clear patterns, no meaningful retracements.
But, as BTC stands right now at daily 3/8 Fib resistance, maybe we will get something valuable today
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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