Bitcoin is nearing another psychological zone of 35k$. With a retracement of more than 27.8% BTC saw some correction of the current bullish run. Now we have two scenarios:
Scenario A:
Bitcoin continues that beautiful uptrend channel on its way back to 39k$ bouncing of the bottom trendline right away.
Scenario B:
This scenario is more likely as it helps the momentum to build back up. The idea is that BTC breaks out of that channel and creates nice Head and Shoulders pattern before continuing that movement to the moon.
In any case scenario, we're long, just waiting for the right entry. Trade safely!
Scenario A:
Bitcoin continues that beautiful uptrend channel on its way back to 39k$ bouncing of the bottom trendline right away.
Scenario B:
This scenario is more likely as it helps the momentum to build back up. The idea is that BTC breaks out of that channel and creates nice Head and Shoulders pattern before continuing that movement to the moon.
In any case scenario, we're long, just waiting for the right entry. Trade safely!
Trade active:
Perfectly followed our scenario B! Almost ready for an entry!
Trade closed: target reached:
TP HIT! Followed the exact path!