BITCOIN Where To Buy ? Save This For Future Reference :)

已更新

Hello traders:

Crypto market has been dropping hard in the last few weeks, and many have asked me when is it to start buying again.

Lets take a detail look into BTC from the higher time frame perspective.

We can see after the initial bullish impulse phase of the market, price naturally develops into a larger correctional structure.

We are getting a few swing highs and lows, which is good to identify as a correctional structure.

From the all time highs area, price formed a double tops, ascending channel, and H and S to give us confluence of the sell.

Price continue to impulse down and follow by lower time frame correction.

We are not yet at the previous swing lows, so what I forecast and suggest is price can consolidate once more,
and push the price down to the previous higher time frame lows, which could complete the overall structure.

Once price reach the bottom area, its important to wait and see if any bullish reversal price action will form at the bottom.

Those confirmation will be important to see whether the price can resume the previous bullish impulse phase and expect another upside move from the price.

I will be updating this chart as we go on next few weeks/months :)

thank you

Jojo

DISCLAIMER:
-My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information.

-There are many scammers & fakers impersonating me (Jojo), my channels/platforms (Aeris Trading) to scam people.
Be very careful as I will NEVER private/direct message you first to sell you anything, nor ask you for money.
Be alert of fake and scam channels/groups/platforms using my name (Jojo) and channel/group name (Aeris Trading) to show unrealistic results and profits to sell you scams.

註釋

Lower Time Frame: