OVERALL TREND- Up trend on the Weekly and the Daily TF, with price respecting the overall trendline and retracing back to the 50k and 51k psychological levels of support.
We clearly see that price made an all time high over the 61k mark, and is currently at a pullback and still respecting the overall bull run, which shows a perfect opportunity to look for long positions.
Currently looking to break the 55k and 56k zone, expecting a retest from that broken structure and looking for candle confirmations for our entry point, to hit the next target structure of around 1500 pips.
People think Bitcoin is dipping, but that dip from a larger pespective, just shows a longer term bull run retracement.
What do you all think?
We clearly see that price made an all time high over the 61k mark, and is currently at a pullback and still respecting the overall bull run, which shows a perfect opportunity to look for long positions.
Currently looking to break the 55k and 56k zone, expecting a retest from that broken structure and looking for candle confirmations for our entry point, to hit the next target structure of around 1500 pips.
People think Bitcoin is dipping, but that dip from a larger pespective, just shows a longer term bull run retracement.
What do you all think?