25-25.5K for long entry
Morning folks,
We still doubt on upside BTC perspectives in long term, suggesting 35K as maximum upside potential. The common sense tells that Fed has started the banking crisis not to make crypto investors happy. They will grab all cash back, as they need it for Bond market and budget deficit close.
Still, in short-term we're going with our H&S pattern and keep the same target of 29.3K. Since market is overbought now, we consider minor pullback, hopefully to 25-25.5K to consider long entry.
We still doubt on upside BTC perspectives in long term, suggesting 35K as maximum upside potential. The common sense tells that Fed has started the banking crisis not to make crypto investors happy. They will grab all cash back, as they need it for Bond market and budget deficit close.
Still, in short-term we're going with our H&S pattern and keep the same target of 29.3K. Since market is overbought now, we consider minor pullback, hopefully to 25-25.5K to consider long entry.
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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