27.4K still on the table
Morning folks,
Situation has not changed significantly since Thu update. We still keep our short-term upside target around 27.4K. Now price is coiling around 4H K-resistance after completion of COP target (0.618 AB-CD extension).
Here we have two bullish signs. First is - tight standing right under the level suggests attempt of breakout. Second - we have bullish dynamic pressure when MACD goes down while price is not. It points on the same.
That's being said, until next update on Thu, BTC should try to break resistance up and touch 27.4K target
Situation has not changed significantly since Thu update. We still keep our short-term upside target around 27.4K. Now price is coiling around 4H K-resistance after completion of COP target (0.618 AB-CD extension).
Here we have two bullish signs. First is - tight standing right under the level suggests attempt of breakout. Second - we have bullish dynamic pressure when MACD goes down while price is not. It points on the same.
That's being said, until next update on Thu, BTC should try to break resistance up and touch 27.4K target
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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