26K
Morning folks,
We do not need to make drastic shifts to our trading plan as BTC is going accurate with it. The core is daily H&S pattern with 26K destination point. Next week was some risk around the top of right arm and it was seemed that BTC could break it, but it couldn't, and H&S starts to work.
Now, market is coming to 27K neckline area. We do not consider any long positions. If everything will be OK - H&S major target of 26K should be reached.
In more extended perspective, 25-26K has vital meaning. Downside breakout could open road to 12K and will be negative for bullish context. Conversely, ability to hold above it, will keep chances on 36-38K target intact
We do not need to make drastic shifts to our trading plan as BTC is going accurate with it. The core is daily H&S pattern with 26K destination point. Next week was some risk around the top of right arm and it was seemed that BTC could break it, but it couldn't, and H&S starts to work.
Now, market is coming to 27K neckline area. We do not consider any long positions. If everything will be OK - H&S major target of 26K should be reached.
In more extended perspective, 25-26K has vital meaning. Downside breakout could open road to 12K and will be negative for bullish context. Conversely, ability to hold above it, will keep chances on 36-38K target intact
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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