BitcoinAlış
Bitcoin needs Deeper correction to continue upwards!
Hello Everyone,
I believe bitcoin is experiencing PRice Action Exhaustion and needs deeper correction for a larger upward swing.
I've included most of the explanation within the chart but most upward moves have strong bullish PA then followed by Exhaustive PA which then leads to a larger drop/correction. 53-55k would also allow your alts to correct and breathe a bit more for another explosive move to the upside. There was also what looked like an Inverted Head and Shoulders which failed to close at 63.7k. This is a huge determinant with exhaustive swing patterns.
As always,
Be patient, use risk management, and good luck trading!
I believe bitcoin is experiencing PRice Action Exhaustion and needs deeper correction for a larger upward swing.
I've included most of the explanation within the chart but most upward moves have strong bullish PA then followed by Exhaustive PA which then leads to a larger drop/correction. 53-55k would also allow your alts to correct and breathe a bit more for another explosive move to the upside. There was also what looked like an Inverted Head and Shoulders which failed to close at 63.7k. This is a huge determinant with exhaustive swing patterns.
As always,
Be patient, use risk management, and good luck trading!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.