First Resistance Got Broken in Bitcoin but Still Bearish !!!!
Hello to the large community of traders,
Related to my previous Bitcoin👇🏽
I expect this bearish momentum to be Bull Flag and yes this is what exactly happened. This Bear leg was just correction of our bullish impulsive leg. ( Falling Wedge = Bull Flag )
If you want more confirmation for bullish momentum, wait until bulls consolidate above 20 and 50 Moving Averages. So our first obstacle ( Dynamic Resistance ) now passed.
Wait for BTC reaction to long term dynamic resistance. Remember that we are still in bearish momentum.
If long term resistance got broken I expect $62,980 to be touched.
**This is not an investment advice. Your capital might be at risk.**
You can support me by donating coins.
Give me your idea on comments...
Good Luck...
Related to my previous Bitcoin👇🏽
I expect this bearish momentum to be Bull Flag and yes this is what exactly happened. This Bear leg was just correction of our bullish impulsive leg. ( Falling Wedge = Bull Flag )
If you want more confirmation for bullish momentum, wait until bulls consolidate above 20 and 50 Moving Averages. So our first obstacle ( Dynamic Resistance ) now passed.
Wait for BTC reaction to long term dynamic resistance. Remember that we are still in bearish momentum.
If long term resistance got broken I expect $62,980 to be touched.
**This is not an investment advice. Your capital might be at risk.**
You can support me by donating coins.
Give me your idea on comments...
Good Luck...
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