Hi traders we have been on top of the crypto's since I started writing about them and now we aret seeing a potential bullish reversal sign. You can check my videos and or previous post to gain some context.
I will be looking for a consolidation before I buy Bitcoin for a move higher that is expected to break above 11750.
IF we do not see a consolidation price can still make a new low, even when price takes out the low 5900 the structure will not change and I will remain focused on the buy.
I will be looking for a consolidation before I buy Bitcoin for a move higher that is expected to break above 11750.
IF we do not see a consolidation price can still make a new low, even when price takes out the low 5900 the structure will not change and I will remain focused on the buy.
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guy's it looks like we are reversing bullish after a consolidation. Agressive buy can be executed where a more conservative buy would be to wait for confirmation of this minor break by means of a minor consolidation.
Note; I post here on TV to help out retail traders, however you have to trade based on your own trading plan because I am not able to respond that often, that fast. So use my posts for educational purposes and trade responsible. Trading is a long term game and I do this for more than 14years, have seen most retail traders leave the business because they lost their account as a result of overleveraging and/or overtrading, so be disciplined is my advise. Have a nice week and Eastern. I'll be back this weekend with a video with my weekly outlook.
Note; I post here on TV to help out retail traders, however you have to trade based on your own trading plan because I am not able to respond that often, that fast. So use my posts for educational purposes and trade responsible. Trading is a long term game and I do this for more than 14years, have seen most retail traders leave the business because they lost their account as a result of overleveraging and/or overtrading, so be disciplined is my advise. Have a nice week and Eastern. I'll be back this weekend with a video with my weekly outlook.
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we did not see a minor correction as mentioned, be patient because we are still correcting:
