BTCUSD (Bitcoin) - More Downside Potential?
HI Traders, its been awhile since I last updated on Bitcoin, mainly because I've talked about sells at 50k, 41k, 39k, 27k, etc...
If you've followed my analysis along I believe you pretty much got most of the positions and timing correct.
Why do I still think Bitcoin is heading for a lower support price? It is mainly due to the current Price Action and the amount of weakness its showing.
As price is still forming a healthy lower highs & lower lows sequence, it's hard to expect market to completely reverse upwards without any sort of confirmation.
Our job as a short-term Trader is to simply listen to the story being reflected on the chart, then follow them.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
If you've followed my analysis along I believe you pretty much got most of the positions and timing correct.
Why do I still think Bitcoin is heading for a lower support price? It is mainly due to the current Price Action and the amount of weakness its showing.
As price is still forming a healthy lower highs & lower lows sequence, it's hard to expect market to completely reverse upwards without any sort of confirmation.
Our job as a short-term Trader is to simply listen to the story being reflected on the chart, then follow them.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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