2nd chance for long entry?
Morning folks,
Despite how great Monday's setup was looking, BTC was not able to compete it. H&S has failed and BTC dropped almost to ~60K area.
Still, the same context is still valid - BTC at daily oversold. But this time it is also at strong K-support area. Thus, our attempt for to take the long position continues. This time, pattern looks better, and hopefully it will be more successful. 63.5-64.5K is an area to watch for...
Despite how great Monday's setup was looking, BTC was not able to compete it. H&S has failed and BTC dropped almost to ~60K area.
Still, the same context is still valid - BTC at daily oversold. But this time it is also at strong K-support area. Thus, our attempt for to take the long position continues. This time, pattern looks better, and hopefully it will be more successful. 63.5-64.5K is an area to watch for...
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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