BTCUSDT Uptrend Confirmation ?
Looking at the smaller timeframe ,
Now we have seen a change in momentum , Price is failed to create a Lower Low in the market and a broken of strucutre , lets wait price to create a higher low in the market then we look for a buy position.
other confirmations that we got right here is , we can see an inverse head and shoulder pattern is forming , lets wait price to retest back to the right shoulder for a buy position ,
if we add up the fibonacci retracement , we can expect price to retest to the 38.20%-50% fib area before entering the market .
let me know what you guys think about Bitcoin movement down below !
Now we have seen a change in momentum , Price is failed to create a Lower Low in the market and a broken of strucutre , lets wait price to create a higher low in the market then we look for a buy position.
other confirmations that we got right here is , we can see an inverse head and shoulder pattern is forming , lets wait price to retest back to the right shoulder for a buy position ,
if we add up the fibonacci retracement , we can expect price to retest to the 38.20%-50% fib area before entering the market .
let me know what you guys think about Bitcoin movement down below !
Note
Bigger timeframe analysis from previous post 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.