26K is a question of time
Morning folks,
So, it is no need to make big comments. Keeping all non-technical background aside, from technical point of view Bitcoin has failed to form H&S pattern and dropped below major 5/8 support. Thus odds suggest taking out of 32K lows - this is the usual performance, when H&S fails. Price drops below the head.
As market has no solid support areas between 32 and 26K, we suggest that reaching of 26K is a question of time. So, we keep our position the same - it is not the time for long-term investing yet.
So, it is no need to make big comments. Keeping all non-technical background aside, from technical point of view Bitcoin has failed to form H&S pattern and dropped below major 5/8 support. Thus odds suggest taking out of 32K lows - this is the usual performance, when H&S fails. Price drops below the head.
As market has no solid support areas between 32 and 26K, we suggest that reaching of 26K is a question of time. So, we keep our position the same - it is not the time for long-term investing yet.
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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