Is Bitcoin Still Bearish?
Updated
Hello traders!
As per my previous post idea, I have mentioned that Bitcoin was ready or bearish move after its structure breaks. Therefore this idea is an update of what we could expect in the next couple of hours.
A volume signature (high volume and a bullish candle) formed today - therefore I can see a potential reversal, however, keep in mind that this is not a confirmed buy signal.
Bitcoin still needs to form a higher low for it to change its way, otherwise it will keep trending in its bearish trend.
I'll keep this idea updated as much as I can.
-Abdulla
As per my previous post idea, I have mentioned that Bitcoin was ready or bearish move after its structure breaks. Therefore this idea is an update of what we could expect in the next couple of hours.
A volume signature (high volume and a bullish candle) formed today - therefore I can see a potential reversal, however, keep in mind that this is not a confirmed buy signal.
Bitcoin still needs to form a higher low for it to change its way, otherwise it will keep trending in its bearish trend.
I'll keep this idea updated as much as I can.
-Abdulla
Comment
It would be great if bitcoin creates a higher low, this will give us a strong indication that it has the potential to stay bullish
Trade closed: target reached
As predicted, target reached!
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