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

Sive Morten

Special Consultant to the FPA
Messages
18,547
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.
 
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
 
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.
 
Back
Top