Morning folks,
So, our setup with 9.5-10.5K action is done and now market stands at 4H AB-CD target, and daily previous top. Since we see some slow down on "CD" leg, it makes us think that
BTC should show some pullback and we treat 9.5-9.6K K-support area as very probable, because this is double harmonic swing and lower border of upside channel on daily chart.
Greater retracement is possible, but now we can't definitely say whether it will happen or not. We will do it later.
Thus, it is time to manage your position - book result partially or totally, or, at least tight stops...
So, our setup with 9.5-10.5K action is done and now market stands at 4H AB-CD target, and daily previous top. Since we see some slow down on "CD" leg, it makes us think that
BTC should show some pullback and we treat 9.5-9.6K K-support area as very probable, because this is double harmonic swing and lower border of upside channel on daily chart.
Greater retracement is possible, but now we can't definitely say whether it will happen or not. We will do it later.
Thus, it is time to manage your position - book result partially or totally, or, at least tight stops...
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/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
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/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.