Also paying close attention to BTC, as the price has completed a reversal correctional structure, and could expect the resume of the next bullish phrase.
After the price dropped from the rising wedge reversal at the top, price begin to consolidate.
At the time I mentioned to everyone to be patient here as price is going to likely form a period consolidation, and I don't recommend buying and selling until further development.
Once we can see a few clear swing highs and lows, with a descending structure within to push the price up, that was a good sign of a potential completion of this correctional phase we are in.
Latest price does indeed have a clear impulse up, breaking above the previous swing highs and out of the structure, very good indication of continuation momentum
Now all we should do now is wait for last confirmation from the price, expecting a quick lower time frame continuation correction to form here, and expect the next push up from the price.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.