Morning folks,
Today we focus on daily chart, as it shows the major things that let us to control our setup. Intraday chart has more details and tricky moments, but all of them lead to the daily picture. Currently, everything depends on today's top. Potentially we could get bearish continuation pattern, if price close as it stands right now or lower. In this case we could consider short entry with stops above the top and target around $38-40K area. Butterfly could finalize downside action.
Alternatively, in the case of upward action above this top - price should reach at least 55-56K level. Continuation above the top is also possible but with less degree.
Today we focus on daily chart, as it shows the major things that let us to control our setup. Intraday chart has more details and tricky moments, but all of them lead to the daily picture. Currently, everything depends on today's top. Potentially we could get bearish continuation pattern, if price close as it stands right now or lower. In this case we could consider short entry with stops above the top and target around $38-40K area. Butterfly could finalize downside action.
Alternatively, in the case of upward action above this top - price should reach at least 55-56K level. Continuation above the top is also possible but with less degree.
Pesanan dibatalkan
Hi Guys, as we have got no bearish grabber on daily chart - immediate "sell" setup is cancelled for now.
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/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
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/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.