BTC consolidates after a significant price spike

Sep 30

BTCUSD price has had a slight correction after the previous increase.

• Yesterday, the price broke the trendline and the EMA approached, creating a momentum accumulation zone before a strong break - as planned to buy.
  
• Currently, BTC is correcting after the increase, just cutting down the EMA, showing that buying power is weakening, the short-term trend may turn down.
  
• There is no clear signal to enter the order. Continue to observe the price reaction around the EMA and wait for a clear setup before taking action.
  

You can refer to my previous analysis here:
https://www.tradingview.com/chart/BTCUSD/mv0GAu9x-BTC-escapes-consolidation-shifting-into-an-uptrend/

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Oct 2

Trade active

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Oct 2

Trade closed: target reached

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