Morning guys,
The whole week BTC stands inside the range of sell-off candle. And in current condition we follow to the odds. They, in turn, suggest two-leg, compound retracement, rather than "V" shape of retracement.
Right now price takes rectangle shape, and it keeps valid as our former H&S suggestion as possible direct downside breakout. This background now is suitable for scalp traders only. Rising back to 8.9-8.95K will the right arm of our H&S pattern and potential situation to consider bearish position, while right now as market is coiling around the "neckline" this is potential situation for scalp long position (although it is more risky).
Daily traders have nothing to do by far, as their aim is 8150-8250 major K-support area and potential "222" Buy pattern for taking the long position.
The whole week BTC stands inside the range of sell-off candle. And in current condition we follow to the odds. They, in turn, suggest two-leg, compound retracement, rather than "V" shape of retracement.
Right now price takes rectangle shape, and it keeps valid as our former H&S suggestion as possible direct downside breakout. This background now is suitable for scalp traders only. Rising back to 8.9-8.95K will the right arm of our H&S pattern and potential situation to consider bearish position, while right now as market is coiling around the "neckline" this is potential situation for scalp long position (although it is more risky).
Daily traders have nothing to do by far, as their aim is 8150-8250 major K-support area and potential "222" Buy pattern for taking the long position.
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/
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
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/
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。