BTC looks heavy
Morning guys,
our 1H H&S pattern has been completed on Friday by occasional spike up of NFP release.
Longer term analysis mostly makes us to look south. It means that every time when market will come to long-term trendline - it is time to go short,
especially if we have some bearish continuation/reversal pattern. Now it is around 6800 - 7000$ on daily chart.
Longer term analysis holds us from taking any long position. It will be possible if long-term triangle will be broken up.
Now we see more chances of 6000$ breakout.
Please follow our signature link to see other charts - weekly, 4H, 1H.
our 1H H&S pattern has been completed on Friday by occasional spike up of NFP release.
Longer term analysis mostly makes us to look south. It means that every time when market will come to long-term trendline - it is time to go short,
especially if we have some bearish continuation/reversal pattern. Now it is around 6800 - 7000$ on daily chart.
Longer term analysis holds us from taking any long position. It will be possible if long-term triangle will be broken up.
Now we see more chances of 6000$ breakout.
Please follow our signature link to see other charts - weekly, 4H, 1H.
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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