6520 seems good level to go short
Morning guys,
Finally some activity lets us hope on appearing of patterns. We keep our bearish view on bitcoin and still suggest short entry at any attractive level and bearish pattern on the back.
Now our attention is on 4H chart. Right now BTC has completed "222" Sell. But, as CD leg of inner AB-CD pattern is a bit faster than AB, we keep hope that price could move slightly higher and form Butterfly "Sell". It is interesting that potential butterfly reversal point coincides with 3/8 Fib resistance around 6520$ area
Finally some activity lets us hope on appearing of patterns. We keep our bearish view on bitcoin and still suggest short entry at any attractive level and bearish pattern on the back.
Now our attention is on 4H chart. Right now BTC has completed "222" Sell. But, as CD leg of inner AB-CD pattern is a bit faster than AB, we keep hope that price could move slightly higher and form Butterfly "Sell". It is interesting that potential butterfly reversal point coincides with 3/8 Fib resistance around 6520$ area
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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