Hello Traders
I really need to see BTC break out of the green channel back into the white channel and bounce off the uptrend line before I can be comfortable that bitcoin will continue to buy. If you look at the 4HR chart, you will see that a downtrend is being formed but let's wait to see if the break of the white channel is a fake break, otherwise, we should see a retest of the first break out of 40k for a continuation upward.
Any daily closure below 40k, maybe a full confirmation of the downtrend.
I still have a very strong long bais for BTC.
Patience is one of the major keys to success in trading. Let's keep enjoying what the market has to offer and strike at the right time.
Watch out for my update later on BTC.
I really need to see BTC break out of the green channel back into the white channel and bounce off the uptrend line before I can be comfortable that bitcoin will continue to buy. If you look at the 4HR chart, you will see that a downtrend is being formed but let's wait to see if the break of the white channel is a fake break, otherwise, we should see a retest of the first break out of 40k for a continuation upward.
Any daily closure below 40k, maybe a full confirmation of the downtrend.
I still have a very strong long bais for BTC.
Patience is one of the major keys to success in trading. Let's keep enjoying what the market has to offer and strike at the right time.
Watch out for my update later on BTC.
FINSPOT ACADEMY
