BITCOIN MIGHT START RALLYING TO THE DOWNSIDE

As you can see on this chart price is consolidating on 4H timeframe also making LH's and LL 's confirming the trendline.
If BTC breaks below daily 200 EMA continuing LH's and LL's then following the downtrend we can go short on BTC unless Liquidity Grab happens below 200 EMA

DISCLAIMER :- THIS POST IS MEANT FOR EDUCATIONAL PURPOSES ONLY, NOT FOR INVESTMENT OR TRADING ADVICE. TRADE AT YOUR OWN RISK

Yorum:

So, guys if you followed my chart then you know that price took a rejection from the confirmed trendline along with 200 EMA and went downside close to the daily 99 EMA.
Although, on lower timeframes like 15 and 5 min price movements were a bit on and off and not very on side trend healthy, so looks like we will be consolidating in this area between 60100 on the downside and 63440 to the upside until we break and retest 200 EMA on daily to the downside and continue bearish momentum or break and retest recent LH stated at 63440 and try to change trend.

Yorum:

Hello, fellow traders. So now bitcoin has broken above the trendline including cutting mentioned highs stated at 63440. Now, let's just wait for closure of the bullish candle on 4H timeframe then we can almost believe trend has changed and price will continue this bullish momentum. I will post another idea candle close happens.