BITCOIN - Time for consolidation
We almost touched the bottom of the channel. We can see there 4H pinbar candle which is bullish price action at least for this moment.
Bitcoin is ranging in the triangle/channel. So we could be still in the bigger correction wave.
FUD about the double spending BTC cool down finally and the panic sale was redeemed as everyone have found out that it is a bullshit.
I would expect the move up at least for the upper resistance of the triangle. Then we will see if the bulls will have enough strength to push it through.
If so, then the bullish momentum could be triggered.
If not, then I would expect one more leg down as the last wave of this correction.
Bitcoin is ranging in the triangle/channel. So we could be still in the bigger correction wave.
FUD about the double spending BTC cool down finally and the panic sale was redeemed as everyone have found out that it is a bullshit.
I would expect the move up at least for the upper resistance of the triangle. Then we will see if the bulls will have enough strength to push it through.
If so, then the bullish momentum could be triggered.
If not, then I would expect one more leg down as the last wave of this correction.
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