H&S is failing
Today guys, update is very short. This is the only picture that we need for now, although we cold find more bearish signs on higher time frames as well.
Despite that BTC has tried to show couple of pullbacks up from our 62-62.5K area - reverse H&S has not been formed. Other words, market was not able to confirm bullish reversal and other bullish patterns that we have.
It means only one thing - inability to do this and that we have bearish context instead. As nearest target we suggest re-testing of recent 59K lows. Potentially bearish consequences could be more heavy.
Despite that BTC has tried to show couple of pullbacks up from our 62-62.5K area - reverse H&S has not been formed. Other words, market was not able to confirm bullish reversal and other bullish patterns that we have.
It means only one thing - inability to do this and that we have bearish context instead. As nearest target we suggest re-testing of recent 59K lows. Potentially bearish consequences could be more heavy.
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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