BTC bearish wave is over (must read)
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BTC / USDT
On 3D chart BTC just retest of major downtrend and nicely bounce from my first support mentioned in last analysis (check attachment below)
So is the bearish wave over ?
1- Simply we can say that in high time frames charts bulls still in control with that bullish retest and massive green engulfing candle (not closed yet)
2- In lower time frames, BTC is retesting lower resistance of The broken channel ..if btc will break the resistance and back into range …it will confirm the bullish wave is still intact in LTF but until that happens please trade wisely and dont fomo
Sometimes being simple is best thing you can do
Let me know your thoughts and questions in comment section below ⬇️
On 3D chart BTC just retest of major downtrend and nicely bounce from my first support mentioned in last analysis (check attachment below)
So is the bearish wave over ?
1- Simply we can say that in high time frames charts bulls still in control with that bullish retest and massive green engulfing candle (not closed yet)
2- In lower time frames, BTC is retesting lower resistance of The broken channel ..if btc will break the resistance and back into range …it will confirm the bullish wave is still intact in LTF but until that happens please trade wisely and dont fomo
Sometimes being simple is best thing you can do
Let me know your thoughts and questions in comment section below ⬇️
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UPDATE : BTC 15.6% pump in spot after my analysis
You are welcome [\B]
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✨Update : In Low time frames : BTC reached the top of the channel as my projection and started to reject from there …
In high time frames :
No daily or weekly close above 25k yet
New update soon stay tuned
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