BTC CORRECTION MOVEMENT! WHEN AND WHY!
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 from a zoomed-in picture.
As we can see price is still trading inside this big rising channel, and still from a medium- and long-term perspective we are bullish.
However, as we mentioned in the previous analysis price is still around a strong resistance and supply zone from higher time frame.
and since we are around the upper bound of the rising channel, we will be looking for new bearish correction movements.
And for the bears to kick in from a short-term perspective we need a break below the marked swing low, then a movement lower would be expected.
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 from a zoomed-in picture.
As we can see price is still trading inside this big rising channel, and still from a medium- and long-term perspective we are bullish.
However, as we mentioned in the previous analysis price is still around a strong resistance and supply zone from higher time frame.
and since we are around the upper bound of the rising channel, we will be looking for new bearish correction movements.
And for the bears to kick in from a short-term perspective we need a break below the marked swing low, then a movement lower would be expected.
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!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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