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jojofang0901
Jan 30, 2021 7:33 AM

BTC Continuation Correction For More Upside Long

Bitcoin / U.S. dollarBitstamp

Description


Hi traders:

BTCUSD is still looking bullish to me for further upside potential.

Price has a clear bullish impulse up from breaking the previous all time top.

We see LTF continuations price actions to push the price higher, but yet to see a larger continuation on the HTF to further give price bullish momentum.

Latest price here can give us clarity on the next HTF impulse. if we see a completion of the flag structure here to give us confluence that the bullish momentum will resume.

Look for either price to push down once more to complete the structure and reverse from the bottom,
or
LTF continuation now for the next push up.

Thank you


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Comments
abel11
Great trade set up. thank you for sharing
jojofang0901
@abel11, your welcome :)
InkyGrip
thanks for the idea 🦐
jojofang0901
@plancton0618, thx bud
FXtrades-gp
Interesting scenario, thanks for sharing 👌
jojofang0901
@FXtrades-gp, your welcome :)
Mahtab_Tradia
Splendid chart! Thanks for sharing
jojofang0901
@Mahtab_Tradia, thank you :)
P_S_trade
it seems the orange scenario is more likely
thanks
jojofang0901
@P_S_trade, Nice, glad we see some similarly, thank you
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