Hi traders we have 2 possible scenario on the bitcoin and what the market does next is crucial to us predicting the next move. We have recently broken out of a descending trendline and we can expect the market to do one of 2 things;
1.) Even though we have broken out of a descending trendline we can see that the market is till in a corrective structure which usually breaks to the downside so if the market does continue going up from here we will likely form a 3 wave corrective pattern which will complete at the mini ascending trendline and we can expecting the market to head south from there.
2.) If the market gives you a 1 hour correction/sell setup in the next few hours then we can expect a bigger up move to come.
Good luck traders
1.) Even though we have broken out of a descending trendline we can see that the market is till in a corrective structure which usually breaks to the downside so if the market does continue going up from here we will likely form a 3 wave corrective pattern which will complete at the mini ascending trendline and we can expecting the market to head south from there.
2.) If the market gives you a 1 hour correction/sell setup in the next few hours then we can expect a bigger up move to come.
Good luck traders
