฿ Bitcoin BTC/USD Daily Video, August 12, 2019

Sive Morten

Special Consultant to the FPA
Messages
13,383
Good morning,

Our retracement stands underway. Today we try to estimate its potential target:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
 

Brett Reynolds

Sergeant Major
Messages
715
A Close and Hold above $12300 is required for me...as there is 'NO Way' i would Buy this market right now!
Even if the 'H&S' works on the 1 hour chart around $10400..it would need to be a very strong Signal to catch to go long.!? Too Risky..for me.!
I think we still have surprises in store for Bitcoin Bulls actually..!? o_O
 

Sive Morten

Special Consultant to the FPA
Messages
13,383
A Close and Hold above $12300 is required for me...as there is 'NO Way' i would Buy this market right now!
Even if the 'H&S' works on the 1 hour chart around $10400..it would need to be a very strong Signal to catch to go long.!? Too Risky..for me.!
I think we still have surprises in store for Bitcoin Bulls actually..!? o_O
Yeah, retracement is very choppy and ustable. I also have some sense that upside action could start surprisingly and mentioned possible position split to enter the market... We'll see.
 
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