
Sive-Morten Sep 9. Morning folks, So, BTC was able to completed only the butterfly at 53K and reversal has started. We suggest that recent sell-off is a technical issue that makes no impact on fundamental background and market sentiment. Still, it perfectly fits to market mechanics that as a rule shows deep retracement after first upward swing Professional Forex Trading analysis by Sive Morten with Forex Peace Army. Videos are recorded fresh daily to help forex traders stay profitable 28/09/ · Forexpeacearmy | sive morten eurusd daily Professional Forex Trading analysis by Sive Morten with Forex Peace Army. Videos are recorded fresh daily to help forex
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Currently we have to say that 38 still "IS" our target. Despite that we have nice upward bounce, we treat chances for V-shape reversal now and direct upward continuation as "low".
There are few It is very comfortable to deal with it as you definitely know the target and invalidation point. Potentially pattern has the target at 38K - around next major daily Fib support area.
So, for long entry you have to Morning folks, forex peace army sive morten, So, market has changed the shape a bit and we haven't got the butterfly that we've discussed last time, but it doesn't mean that deeper retracement will not happen. In fact, we have bearish reversal bar on weekly chart and, as a rule - they have continuation. That's why despite that market forms upside AB-CD instead of butterfly, but 2nd leg down Good morning everybody, Current price action makes us think that chances to get some downside continuation are significant.
We do not know the way that it takes - it might be just stop grabbing action below recent lows or real downside breakout and action to next daily But bearish signs that we have suggest that at least new challenge of Morning folks, So, BTC was able to completed only the butterfly at 53K and reversal has started.
We suggest that recent sell-off is a technical issue that makes no impact on fundamental background and market sentiment. Still, it perfectly fits to forex peace army sive morten mechanics that as a rule shows deep retracement after first upward swing, because rest of previous bearish Morning folks, So, NFP was in a row with our expectations which, together with JP Wyoming statement, creates positive background for all dollar rivals, including cryptos.
Now market is breaking through 51K resistance area and performance looks strong enough to suggest further upward action. Thus, we do not need to invent something else, 1. Good morning everybody, So, as we've said on Monday - market has got Wyoming positive injection. Daily price action was forming the forex peace army sive morten that now is broken. Still, NFP report stands ahead. Although ADP numbers were 2 times worse but who knows Morning folks, Sorry for a bit messy chart forex peace army sive morten all these lines we use to explain our view.
Last time we've talked about possible pullback that would be perfect to consider buying coins for longer term perspective. As on Friday all markets have got injection of positivity from the Fed, the price shape here, on BTC has changed as well. It doesn't deny retracement Morning everybody, so, downside reaction on resistance is started. As context stands bullish, we're mostly interested where an how to buy rather than to sell. From that standpoint, first point that it makes sense to consider is Now, based on AB-CD shape on 1H chart we could calculate the targets.
First is OP stands around 46K, but taking in Morning folks, So BTC shows real strength in recent weeks and long-term background stands friendly to accumulation. Our suggestion that BTC should take out the previous tops in mid term. Market shows minor reaction on weekly overbought area, which means that demand for BTC is growing and any, even minor deep immediately is buying out. Market was not able to form Greetings everybody, In recent week BTC shows relatively slow action.
Now we could consider a bit deeper retracement, forex peace army sive morten. Actually the pattern that we've discussed now is taking some shape, forex peace army sive morten. Actually I'm not sure that it is definitely will be formed, as overall action looks strong Morning folks, BTC shows positive performance, we see signs of thrust on daily chart. Meantime, price hits weekly Overbought area and it makes sense to consider minor pullback. At the first stage we like Greetings everybody, BTC shows excellent performance, especially if we take into consideration strength of US Dollar right now.
Now price hits nearest 45K target. Some technical issues suggest downside pullback that might be different depth. But, as we have NFP report on horizon - few nuances exist now. First is, if you already have taken bearish position with the pattern - move stops to breakeven. If NFP will be poor and chances for that are significant because of poor ADP recentlythen market could Good morning, So, 42K target has been hit and market turns to expected retracement. Now, as upside channel has been broken on 1H chart and price has formed first upside reversal swing after long-term flat action, we expect more or less deep retracement.
This is rather strong Morning everybody, Our long-term bullish background is almost set as it is just 2 sessions till the end of the July and hardly possible the drop below 29K lows. Now BTC stands in a first more or less solid upward action and gradually is coming to K resistance area Morning folks, forex peace army sive morten, So BTC finally shows thrusting action and forex peace army sive morten hope that this is just a beginning.
WE already mentioned potential bullish grabber on monthly chart that suggest return to the top. Now, we recent jump chances are higher to get it. Hopefully Fed statement doesn't hurt it too much. Besides, previous week has become the bullish reversal one, forex peace army sive morten. Based on Morning folks, Today we consider small pattern but with huge potential.
But, July could become decisive month for BTC as we could get bullish Start free trial. About me I am the author of "Forex Military School" - complete forex trading course featured on Forex Peace Army.
Markets Allocation. Top Mentioned Symbols. All Types. All Accesses. Script access. Deeper retracement is not cancelled yet, forex peace army sive morten. Bearish signs are worthy of our attention. AB-CD down is possible. Two ways of retracement. Retracement is started. Reaction on 51K.
Still watching for K area. Watching for Multiple patterns are forming. Watching for pullback. Still watching for 42K. This is it? Show more ideas 1 2 Last visit. Message Follow Following Unfollow.
ForexPeaceArmy- Sive Morten Daily-Gold 09.23.21
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