Greetings, believe you had a wonderful day today, the market had you feeling great, well heres an analysis for the weekend i tried to compile up from Bitcoin. LOoking at it from a 4hr time frame, Bitcoin has been on a very strong uptrend of which that trend has now been broken, obviously to the downside. Bitcoin did a very huge impulsive dropdown from its highest to Approx 50550 levels, this impulse brought about selling opportunities, add on, it further dropped to the 48000 levels, thats when Bulls were like nope, this our territory, and eversince then, the market been making higher highs and lows forming a new ascending channel to the upside, now this may be a retest of the break, and theres also a possibility that we were just experiencing a price shift. the higher highs and lows seems to be jammed at levels of 58000 thou, so that level is key, be on the lookout for candlestick patterns or formation. Some trade thoughts to be considered.....
