Hey there,
So it seems like Bitcoin doesn't quite know what it wants to do.
Retest swing high, break it, form rising wedges, break them to the upside, then downside...
Nonetheless we have a bearish engulfing candle on the daily chart which is signaling strong
bears for now.
I will look for further downside if bears remain strong shortterm and keep price consolidating
around the current lows. The trendline of this channel is one of my next targets with
a retest of resistance and following break of the channel line and most idealy
a retest of the 200D MA, what I have been preaching for the last weeks.
Keeping it simple and staying away from trading for now, until Bitcoin gives clearer
signals of what could lie ahead of us now.
Uploaded a video so definetly check me out on YouTube at:
Enlightened Trading
if you don't want to miss out on key information.
Also follow me on Instagram @enlightened_trading_
and Tradingview.
Leave a like and comment if you wish so!
Cheers,
Konrad
So it seems like Bitcoin doesn't quite know what it wants to do.
Retest swing high, break it, form rising wedges, break them to the upside, then downside...
Nonetheless we have a bearish engulfing candle on the daily chart which is signaling strong
bears for now.
I will look for further downside if bears remain strong shortterm and keep price consolidating
around the current lows. The trendline of this channel is one of my next targets with
a retest of resistance and following break of the channel line and most idealy
a retest of the 200D MA, what I have been preaching for the last weeks.
Keeping it simple and staying away from trading for now, until Bitcoin gives clearer
signals of what could lie ahead of us now.
Uploaded a video so definetly check me out on YouTube at:
Enlightened Trading
if you don't want to miss out on key information.
Also follow me on Instagram @enlightened_trading_
and Tradingview.
Leave a like and comment if you wish so!
Cheers,
Konrad
