Morning guys,
Our yesterday trading plan exceeds our most brave expectations as BTC jumped above our minor AB-CD targets. Existing of strong bearish long-term momentum and and 1.27 butterfly 4H chart
makes us think that we could get 1.27 reverse H&S pattern.
It means that as strong resistance on 4H chart will be hit we should get deep pullback, prefferably in the shape of "222" Buy which could be used for long entry again.
Thus, if you've missed entry yesterday - don't upset with this. Ordinary H&S target should be around 3700$.
Our yesterday trading plan exceeds our most brave expectations as BTC jumped above our minor AB-CD targets. Existing of strong bearish long-term momentum and and 1.27 butterfly 4H chart
makes us think that we could get 1.27 reverse H&S pattern.
It means that as strong resistance on 4H chart will be hit we should get deep pullback, prefferably in the shape of "222" Buy which could be used for long entry again.
Thus, if you've missed entry yesterday - don't upset with this. Ordinary H&S target should be around 3700$.
ForexPeaceArmy BTC analytics :
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/