Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
BITCOIN Quick update.
As we can see price is still overall bearish from a Medium-Term perspective,
However, price rejected our upper falling trendline, especially after breaking below our major swing low,
So, for now we are expecting a further movement lower till the lower bound of the range, where we will be looking for new longs.
Unless price managed to break above the upper bound of this range marked on the chart, then a movement higher would be expected till the upper resistance zone.
For now, bears are still in control from a short-term perspective, and still speculating more bearish movements.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
BITCOIN Quick update.
As we can see price is still overall bearish from a Medium-Term perspective,
However, price rejected our upper falling trendline, especially after breaking below our major swing low,
So, for now we are expecting a further movement lower till the lower bound of the range, where we will be looking for new longs.
Unless price managed to break above the upper bound of this range marked on the chart, then a movement higher would be expected till the upper resistance zone.
For now, bears are still in control from a short-term perspective, and still speculating more bearish movements.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!