abdullatrader

Is Bitcoin Still Bearish?

abdullatrader Mis à jour   
BITSTAMP:BTCUSD   Bitcoin
Hello traders!

As per my previous post idea, I have mentioned that Bitcoin was ready or bearish move after its structure breaks. Therefore this idea is an update of what we could expect in the next couple of hours.

A volume signature (high volume and a bullish candle) formed today - therefore I can see a potential reversal, however, keep in mind that this is not a confirmed buy signal.
Bitcoin still needs to form a higher low for it to change its way, otherwise it will keep trending in its bearish trend.


I'll keep this idea updated as much as I can.


-Abdulla

Commentaire:

It would be great if bitcoin creates a higher low, this will give us a strong indication that it has the potential to stay bullish
Trade fermée: cible de profit atteinte:
As predicted, target reached!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.