Bitcoin / TetherUSShort
BTC MARKET STRUCTURE 1 VS 1
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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BITCOIN MARKET STRUCTURE.
As we can see price broke above our first phase and traded higher as a bull market or market up structure specially after breaking above our previous major high!
However, price is still in an distribution phase in a shape of rangy market or sideways direction!
For now, and for the bears market to start we need a break below the marked box, Then a movement lower would be expected as a Market down direction.
However, from a zoomed-out picture price is still overall bullish and as the price will be approaching our lower rising trendline, Then we will be looking for new bullish movement after a new Accumulation phase as well.
Unless price managed to break above the marked "Distribution phase" Then a movement higher would be expected and the Market Up phase will be continued.
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 MARKET STRUCTURE.
As we can see price broke above our first phase and traded higher as a bull market or market up structure specially after breaking above our previous major high!
However, price is still in an distribution phase in a shape of rangy market or sideways direction!
For now, and for the bears market to start we need a break below the marked box, Then a movement lower would be expected as a Market down direction.
However, from a zoomed-out picture price is still overall bullish and as the price will be approaching our lower rising trendline, Then we will be looking for new bullish movement after a new Accumulation phase as well.
Unless price managed to break above the marked "Distribution phase" Then a movement higher would be expected and the Market Up phase will be continued.
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!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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