jojofang0901

BTC Short Once More Before Big Up Move

BITSTAMP:BTCUSD   比特幣

Hi traders:

Similar like ETH, I do see BTC is likely to make another short term down move,
to complete the bigger structure on the higher time frames, and resuming the bullish trend.

Price is currently within a consolidation after a bearish move down. ITs likely this can be a lower time frame,
bearish correction to give the price one more move down, to the previous lows on the higher time frame.

The completion of the move will create a larger, higher time frame structure that can potentially resuming the bullish up move from 2020.

So watch for the price to confirm another short term down move, and wait for bullish reversal price action on the lower time frame to continue the bullish trend and bigger picture.


thank you



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