4000$ is nearest strong resistance
Morning guys,
Market shows good pace on upside action, but long-term bearish momentum is still here and sooner or later but it should become a reason for deep retracement (or even downside continuation),
Since we have strong resistance ahead - 4000-4100$ is combination of Fib levels and some harmonic targets. Thus, it could be used as potential upside target for those who keeps longs as an area where deep retracement could start
Market shows good pace on upside action, but long-term bearish momentum is still here and sooner or later but it should become a reason for deep retracement (or even downside continuation),
Since we have strong resistance ahead - 4000-4100$ is combination of Fib levels and some harmonic targets. Thus, it could be used as potential upside target for those who keeps longs as an area where deep retracement could start
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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