Hey traders,
Bitcoin has retested the descending triangle pattern it formed the last couple of months.
Bulls failed to push the price higher, and now price is consolidating.
I have labeled an area of S/R where if bears can push price past this level, wait for the retrace to go short.
In my previous analysis Bulls made a strong move off of S/R. However Bears seem to be in control now.
As always you have to trade what you see, and price is struggling to push up right now.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: www.facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: www.instagram.com/jaylen.forex/
Website: www.forexshinobi.com
Tiktok: @forexshinobi
ForexShinobi
Bitcoin has retested the descending triangle pattern it formed the last couple of months.
Bulls failed to push the price higher, and now price is consolidating.
I have labeled an area of S/R where if bears can push price past this level, wait for the retrace to go short.
In my previous analysis Bulls made a strong move off of S/R. However Bears seem to be in control now.
As always you have to trade what you see, and price is struggling to push up right now.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: www.facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: www.instagram.com/jaylen.forex/
Website: www.forexshinobi.com
Tiktok: @forexshinobi
ForexShinobi
