$BTC Let me keep it short and simple for all my followers.
Bitcoin on Weekly timeframe have shifted its structure.
Usually, after this much of a IMPUSLIVE MOVE the market goes into consolidation phase. I don't like when price breaks out of its major resistance and starts spending time just above it. We do have some good closings above it. Will share the next picture and update on Daily timeframe.
$BTC Daily Timeframe left FVGs (fair value gaps) which is a healthy sign of the price action. If price pulls back into these FVGs I think we can plan a buy/long setup on Bitcoin. The reason I have is the Fib golden zone that is 72,600. Once price comes to this area, I will look for confirmations to plan LONG setups.
That's all I will say in my update.
Thanks for reading till here!
#bitcoin #BTC
Bitcoin on Weekly timeframe have shifted its structure.
Usually, after this much of a IMPUSLIVE MOVE the market goes into consolidation phase. I don't like when price breaks out of its major resistance and starts spending time just above it. We do have some good closings above it. Will share the next picture and update on Daily timeframe.
$BTC Daily Timeframe left FVGs (fair value gaps) which is a healthy sign of the price action. If price pulls back into these FVGs I think we can plan a buy/long setup on Bitcoin. The reason I have is the Fib golden zone that is 72,600. Once price comes to this area, I will look for confirmations to plan LONG setups.
That's all I will say in my update.
Thanks for reading till here!
#bitcoin #BTC