Bitcoin - yeah, everyone is waiting for that correction, I don't think it is coming in the following days and here is why:
1. We are in small correction phase and volume is LOW
2. Bull flag formation visible with really small swings
3. Small swings confirm that 0,236 Fibonacci from last pump is holding
4. Confirmation of the idea is easy, just under 9k is the entry point
5. Global bull market trendline has not topped out in this swing
Let me know your thoughts on this idea.
I am not a professional trader and I am not here to give you any advice on how to invest your money, but these are my observations of the market and this is what I am going to trade if it plays out.
Cheers!
1. We are in small correction phase and volume is LOW
2. Bull flag formation visible with really small swings
3. Small swings confirm that 0,236 Fibonacci from last pump is holding
4. Confirmation of the idea is easy, just under 9k is the entry point
5. Global bull market trendline has not topped out in this swing
Let me know your thoughts on this idea.
I am not a professional trader and I am not here to give you any advice on how to invest your money, but these are my observations of the market and this is what I am going to trade if it plays out.
Cheers!
Loss taken