BTC Midterm view - When we will be bullish again?
On monday I predicted the fall
Right now, while price is in range, consolidating for the next movement, it's a good time to zoom out and look at global picture.
Take a look on the chart. We collected stoplosses that were hidden behind the level on daily timeframe, but the most important level still hasn't been reached.
It's likely we will continue the drop after some accumulation to take liquidity down below and only afterwards we will see reversal.
When bullish?
We have nice trendline on daily timeframe that we will break in a week or two. Then it would be a good time to be bullish again.
If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊
Right now, while price is in range, consolidating for the next movement, it's a good time to zoom out and look at global picture.
Take a look on the chart. We collected stoplosses that were hidden behind the level on daily timeframe, but the most important level still hasn't been reached.
It's likely we will continue the drop after some accumulation to take liquidity down below and only afterwards we will see reversal.
When bullish?
We have nice trendline on daily timeframe that we will break in a week or two. Then it would be a good time to be bullish again.
If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊