BTCUSD look for short term buy opportunitie from this correction
Updated
Hi everyone:
Looking at BTCUSD for potential buy opportunities to the recent tops.
We see the overall price is in this correction channel structure on the higher time frame.
The recent price action had a continuation correction and price manages to break above it. A potential inverse Head and Shoulder pattern as well.
I am waiting to see if price will develop a smaller continuation correction in the lower time frame for confirmation for a short term bullish move up.
Thank you
Looking at BTCUSD for potential buy opportunities to the recent tops.
We see the overall price is in this correction channel structure on the higher time frame.
The recent price action had a continuation correction and price manages to break above it. A potential inverse Head and Shoulder pattern as well.
I am waiting to see if price will develop a smaller continuation correction in the lower time frame for confirmation for a short term bullish move up.
Thank you
Note
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.