BTC UPDATE, SHORT AND MEDIUM TERM!
Updated
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
BITCOIN QUICK UPDATE
As we mentioned before in the text analysis attached to the chart
We were waiting for the bears to kick in from a short-term perspective which happened,
However, for now price is around the lower trendline, since the price is still in a flat rising channel. We will be searching for new longs.
So, for the bulls to kick in again we need a break above the last swing high marked in the picture.
Unless price managed to be breaking below our major swing low 2ND picture, then a movement lower would be expected from a medium-term perspective as a correction movement.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
BITCOIN QUICK UPDATE
As we mentioned before in the text analysis attached to the chart
We were waiting for the bears to kick in from a short-term perspective which happened,
However, for now price is around the lower trendline, since the price is still in a flat rising channel. We will be searching for new longs.
So, for the bulls to kick in again we need a break above the last swing high marked in the picture.
Unless price managed to be breaking below our major swing low 2ND picture, then a movement lower would be expected from a medium-term perspective as a correction movement.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Note
Telegram channel: t.me/Snipers_F_x
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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