BTC Daily Update - Market disappointed bulls, should they quit?
Welcome everyone!
Yesterday BTC Dropped a lot and liquidated a lot of bulls. Bears got another breath and right now BTC formed new accumulation pattern. Will it be long or short - lets see!
Main thing to look for in such cases is whether buyer is strong or not. On the chart we can see following signals of strength:
✅ Fast recoveries. Even tho, we are dropping fast, almost always drop is followed up with bullish engulfing candle.
✅ Higher lows. It's a bullish structure that lets us guess movement of the asset with higher possibility.
I expect movement up to the top trendline, after which a couple traps followed by a trendline breakout.
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself
Yesterday BTC Dropped a lot and liquidated a lot of bulls. Bears got another breath and right now BTC formed new accumulation pattern. Will it be long or short - lets see!
Main thing to look for in such cases is whether buyer is strong or not. On the chart we can see following signals of strength:
✅ Fast recoveries. Even tho, we are dropping fast, almost always drop is followed up with bullish engulfing candle.
✅ Higher lows. It's a bullish structure that lets us guess movement of the asset with higher possibility.
I expect movement up to the top trendline, after which a couple traps followed by a trendline breakout.
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself
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👑 Приєднуйтесь до крипто спільноти 🇺🇦☝️
Registration for the course "Scalping for Beginners" link in bio
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