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.
Let's start our new years with the beast BTC! and what we are waiting for!
As we clearly see price is trading below this trendline as we can see for the picture
So, we will be searching for the next bearish movement with confirmation!
However, and for this scenario to happen we need a new swing low to form around the trendline then a break
Unless, as shown in the first picture for the bulls to remain in control froma medium term perspective
We need a break above the upper marked major swing high
Then, a movement higher would be expected till the next resistance zone 18k
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!