BTCUSD Can we scale in for more buy?
Updated
Hi traders:
We are seeing lots of momentum in the crypto market, and the driving force to me in on BTC.
From my previous analysis, I was expecting the price to hit around a potential higher time frame double tops, and the overall larger structure.
We see price impulsively break up, very strong bull momentum in the market.
Price manages to break above, and is sitting near the top of the structure now.
What I like to see now is a continuation correction to develop here. This will gives me the confluence that price is likely to continue the momentum, and we can expect another bullish run.
Wait for a clear confirmation from the market, I wont just jump into the trade yet, but will be patient to see what the market will do here.
Thank you
We are seeing lots of momentum in the crypto market, and the driving force to me in on BTC.
From my previous analysis, I was expecting the price to hit around a potential higher time frame double tops, and the overall larger structure.
We see price impulsively break up, very strong bull momentum in the market.
Price manages to break above, and is sitting near the top of the structure now.
What I like to see now is a continuation correction to develop here. This will gives me the confluence that price is likely to continue the momentum, and we can expect another bullish run.
Wait for a clear confirmation from the market, I wont just jump into the trade yet, but will be patient to see what the market will do here.
Thank you
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