EliteFxAcademy
Short

BTC on the way to retest buyers low or even crash forward

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is on the way to retest buyers low or even crash forward

Bitcoin slowly and lazy contunue its up move to sellers top resistance. Top resistance from sellers might crashed bitcoin hard to see how strong are buyers support levels.

We can assume this bearish power after bulls tried many times to break through higher high, but from buyers was just unconvenience for next shorterm bull run.

Buyers failure:
No new higher highs
lack of momentum
slow movement
fear
sellers power and increasing momentum

Let's see how strong are sellers.

First target is 5th touch from chennel
Second target is our signal

Lower targets, are possible

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(suggestion room provide even more potecial trades) trading view is just for cover and fun?

Wish you good trading

Elitefxacademy
Comment: this analysis was closed before bitcoin hit up any entry or stop loss. You can check the last update

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