Looking at the smaller timeframe ,
Now we have seen a change in momentum , Price is failed to create a Lower Low in the market and a broken of strucutre , lets wait price to create a higher low in the market then we look for a buy position.
other confirmations that we got right here is , we can see an inverse head and shoulder pattern is forming , lets wait price to retest back to the right shoulder for a buy position ,
if we add up the fibonacci retracement , we can expect price to retest to the 38.20%-50% fib area before entering the market .
let me know what you guys think about Bitcoin movement down below !
Now we have seen a change in momentum , Price is failed to create a Lower Low in the market and a broken of strucutre , lets wait price to create a higher low in the market then we look for a buy position.
other confirmations that we got right here is , we can see an inverse head and shoulder pattern is forming , lets wait price to retest back to the right shoulder for a buy position ,
if we add up the fibonacci retracement , we can expect price to retest to the 38.20%-50% fib area before entering the market .
let me know what you guys think about Bitcoin movement down below !
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Bigger timeframe analysis from previous post
