BITCOIN Higher Time Frame Outlook

Hello traders:

Once again we are at this current development of BTC where its possible to have different bias and perspective.

I will breakdown the 2 possible scenarios, and how to look for the bigger play in the near future.

Currently price has manage to break above the lower time frame correction,
but it should be confirmed with a continuation correction to validate the upside move.

But, the lower time frame correction can easily continue to develop,
and ended up with a bearish correction to move down once more.
If that's the case, price once price moved to the previous lows, or the bottom of the higher time frame correction,
its good idea to wait for bullish reversal price action at the bottom, and look for long term buys to the top.

Will see which of the 2 scenario will happen, and capitalize accordingly.

Thank you

評論: