Bitcoin / TetherUSShort
BTC TREND FOLLOWING !
Updated
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
As we mentioned before in the text analysis, we are still waiting for the bears to kick in and start the correction.
However, Let's update our analysis, for now price is still trading inside this falling broadening wedge pattern.
So, we will be searching for new bearish movements, and for the bears to kick in with a new impulse we need a new swing low to be formed around the lower trendline on m30 timeframe then a break.
Then a further movement lower would be expected
Unless price managed to trade higher and to break above our neckline, then the bulls will reclaim the control again and a movement higher would be expected.
Until the mentioned scenarios happen, we are still bearish, and price can still trade lower to test our Demand zone.
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
As we mentioned before in the text analysis, we are still waiting for the bears to kick in and start the correction.
However, Let's update our analysis, for now price is still trading inside this falling broadening wedge pattern.
So, we will be searching for new bearish movements, and for the bears to kick in with a new impulse we need a new swing low to be formed around the lower trendline on m30 timeframe then a break.
Then a further movement lower would be expected
Unless price managed to trade higher and to break above our neckline, then the bulls will reclaim the control again and a movement higher would be expected.
Until the mentioned scenarios happen, we are still bearish, and price can still trade lower to test our Demand zone.
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!
Note
Telegram channel: t.me/Snipers_F_x
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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