Preparing for breakout
Morning folks,
BTC keeps positive mood. Technically picture looks bullish. Price is forming tight pennant shape near the top - classical sign of preparation for breakout.
But, keep in mind, of this bullish stuff is based only on Blackrock ETF file. The driver for the market is purely external. Just think what will happen, if SEC will deny the file, as it was with Fidelity two years ago...
Thus, it is good looking now, but who knows, what will happen tomorrow. Pay attention to risk management.
And yes, if everything will be OK with BlackRock and Fidelity files - nearest mid term target is 36-38K
BTC keeps positive mood. Technically picture looks bullish. Price is forming tight pennant shape near the top - classical sign of preparation for breakout.
But, keep in mind, of this bullish stuff is based only on Blackrock ETF file. The driver for the market is purely external. Just think what will happen, if SEC will deny the file, as it was with Fidelity two years ago...
Thus, it is good looking now, but who knows, what will happen tomorrow. Pay attention to risk management.
And yes, if everything will be OK with BlackRock and Fidelity files - nearest mid term target is 36-38K
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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