BTCUSD Are The Bears Still In Control? Let's Find Out!
As we have seen Bitcoin reacted to the resistance and started to come back down.
The question now is to where is it going, where can we start looking for the next buy opportunity.
Let's map it out a little so we know what to wait for,
Thechnichly the market has just hit a missed target which means the market is free to go up now, but in the other hand we are right in the middle of the wedge pattern which makes it very difficult for me to buy,
so what I will do is, I will wait either for the market to come down more hit the bottom of the wedge pattern and then look for any sign of bullish reversal in that case I will try to look for a increase in volume supporting the bullish move maybe we will also see a bullish Candlestick formation, or I will wait till the market breaks out of the wedge pattern with a increase in volume supporting the breakout.
either way I will reassess Bitcoin when its at either one of this levels.
Until Then HAPPY TRADING Yall.
The question now is to where is it going, where can we start looking for the next buy opportunity.
Let's map it out a little so we know what to wait for,
Thechnichly the market has just hit a missed target which means the market is free to go up now, but in the other hand we are right in the middle of the wedge pattern which makes it very difficult for me to buy,
so what I will do is, I will wait either for the market to come down more hit the bottom of the wedge pattern and then look for any sign of bullish reversal in that case I will try to look for a increase in volume supporting the bullish move maybe we will also see a bullish Candlestick formation, or I will wait till the market breaks out of the wedge pattern with a increase in volume supporting the breakout.
either way I will reassess Bitcoin when its at either one of this levels.
Until Then HAPPY TRADING Yall.
so could be the market is heading there to fulfill its missed target, if thats the case we might see a spike down at the bottom of the wedge to fulfill it. I believe Volume will be able to show us what the market is intending on doing.