Bitcoin is healing??
Goodmorning WORLD!
Bitcoin has had a little correction what is quite normal.. We see a uptrend trend channel on the 1 hour chart..
What we do see is when price reach the upper trend line in the trend channel price move back to the under trend line of trend channel.
It happend 2 times earlier..
Now the 3rd time we see a peak in the upper trend channel and the 2nd peak not getting higher than the 1st peak.. 2 double has been set and we make set in lower!
We test the extreme by breaking the 1st trend line (yellow) and then the 2nd the major trend line.. Look how the candles behave when reaching the major trend line.
They get all long with small bodies.. Applying that momentum is getting out of the drop of prices.. We see 3 candles setting the same ' bottom '
The recent price is testing the ' break out ' from bottom to top ...
What to expect from this point?
Some sideways action is possible.. to bring back a little equilibrium in ask and demand.. some accumulating and then push prices higher..
Bitcoin has had a little correction what is quite normal.. We see a uptrend trend channel on the 1 hour chart..
What we do see is when price reach the upper trend line in the trend channel price move back to the under trend line of trend channel.
It happend 2 times earlier..
Now the 3rd time we see a peak in the upper trend channel and the 2nd peak not getting higher than the 1st peak.. 2 double has been set and we make set in lower!
We test the extreme by breaking the 1st trend line (yellow) and then the 2nd the major trend line.. Look how the candles behave when reaching the major trend line.
They get all long with small bodies.. Applying that momentum is getting out of the drop of prices.. We see 3 candles setting the same ' bottom '
The recent price is testing the ' break out ' from bottom to top ...
What to expect from this point?
Some sideways action is possible.. to bring back a little equilibrium in ask and demand.. some accumulating and then push prices higher..
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