Morning folks,
So, based on BTC performance we do not see any reasons to change our view and we still keep the scenario with 28-28.5K target. BTC absolutely doesn't support main market stream, based on recent "positive" statistics of GDP, PCE, CPI etc.
This is indirect sign of weakness. Here, on the chart we put the butterfly, but actually this is just one of the possible market shapes. The major thing is our OP target around 28.1 on 4H chart.
So, based on BTC performance we do not see any reasons to change our view and we still keep the scenario with 28-28.5K target. BTC absolutely doesn't support main market stream, based on recent "positive" statistics of GDP, PCE, CPI etc.
This is indirect sign of weakness. Here, on the chart we put the butterfly, but actually this is just one of the possible market shapes. The major thing is our OP target around 28.1 on 4H chart.
ForexPeaceArmy BTC analytics :
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/