BTC keeps bullish context
Happy New Year to everybody!
Hopefully you're feeling well after furious celebration ;)
So, BTC keeps bullish context. Despite our recent idea with H&S has not been materialized, but BTC keeps vital condition for bullish context - it remains inside the triangle.
Besides, now, we have another reverse H&S with absolutely the same potential entry area around 42-42.5K. Also bullish divergence is here...
Currently bullish setup is not totally flawless, it has some tricky moments (we still have bearish grabber on daily) and yes, it depends on ETF news and approvement moment. At the same time, it doesn't mean that it is forbidden long entry. With some reasonable degree o care it is possible. But you pay for higher risk trying to get better entry point.
Still, it is nothing bad with conservative approach either. Just to wait when upside continuation starts and try to enter on local pullback. This is also the strategy, why not...
Hopefully you're feeling well after furious celebration ;)
So, BTC keeps bullish context. Despite our recent idea with H&S has not been materialized, but BTC keeps vital condition for bullish context - it remains inside the triangle.
Besides, now, we have another reverse H&S with absolutely the same potential entry area around 42-42.5K. Also bullish divergence is here...
Currently bullish setup is not totally flawless, it has some tricky moments (we still have bearish grabber on daily) and yes, it depends on ETF news and approvement moment. At the same time, it doesn't mean that it is forbidden long entry. With some reasonable degree o care it is possible. But you pay for higher risk trying to get better entry point.
Still, it is nothing bad with conservative approach either. Just to wait when upside continuation starts and try to enter on local pullback. This is also the strategy, why not...
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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