In my last bitcoin
analysis, was expecting the downward move to be imminent but current price action suggests that we will be heading up for one more high before we go down which will just give us a bigger correction but we have to be very cautious because in other for Bitcoin
to make a new high it will have to break the descending trendline! Breaking the trendline doesn't mean anything, it's what the market does in terms of price action that will determine where bitcoin
will go to next and the fact that we are in a bigger correction I'd still expect us to go down but the short term bias now is on the upside pending a break out from this current buy set up
I've attached my previous posts on this currency pair so feel free to check them out below.
As always, any opposing comments, views, arguments or feedbacks are welcomed!