Contradictive patterns
Morning folks,
So, intraday H&S patterns that we've discussed last time has started very accurately as we've suggested. But, BTC was not able to break the top, forming minor W&R, grabbing stops around it. Thus, this H&S has failed. This is bearish moment.
Dont' forget, that market stands at very unstable area of strong 52K monthly resistance.
On daily chart we have two opposite patterns. First is DRPO "Sell", second is bullish grabber. With mentioned situation on intraday charts, it seems that DRPO has better chances. Anyway, if you're conservative - it would be better to stay aside.
Still there some advanced ways of trading exist - we provide it in video on our website. It is too much typing to describe it here.
So, intraday H&S patterns that we've discussed last time has started very accurately as we've suggested. But, BTC was not able to break the top, forming minor W&R, grabbing stops around it. Thus, this H&S has failed. This is bearish moment.
Dont' forget, that market stands at very unstable area of strong 52K monthly resistance.
On daily chart we have two opposite patterns. First is DRPO "Sell", second is bullish grabber. With mentioned situation on intraday charts, it seems that DRPO has better chances. Anyway, if you're conservative - it would be better to stay aside.
Still there some advanced ways of trading exist - we provide it in video on our website. It is too much typing to describe it here.
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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