Bitcoin - correction incoming
Hello, dear friend!
Bitcoin is in strong uptrend on higher time frames, but on the 4h we can see the potential sign of weakness. Of course uptrend will continue till 50k, but now we expect the local correction.
We have already seen the bearish reversal bar and momentum change on the Awesome Oscillator. But anyway the uptrend will continue after finding support at $33500. We are not planning to open short against the major trend, the better idea is to wail for the long setup next to support.
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Bitcoin is in strong uptrend on higher time frames, but on the 4h we can see the potential sign of weakness. Of course uptrend will continue till 50k, but now we expect the local correction.
We have already seen the bearish reversal bar and momentum change on the Awesome Oscillator. But anyway the uptrend will continue after finding support at $33500. We are not planning to open short against the major trend, the better idea is to wail for the long setup next to support.
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