BTC FROM A MARKET STRUCTURE PERSPECTIVE

٦ مايو ٢٠٢٣

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.

EDUCATIONAL STUFF ON BTC, FROM A MARKET STRUCTURE PERPSECTIVE!

As we can see price was trading inside this falling channel, and price was making clean lower lows and lower highs.

However, price broke above our major swing high, then price is preparing to be shifting the momentum from bearish to bullish.

Specially after breaking above our major swing high, then from a macro perspective, we were speculating new higher highs and higher lows with are happening now!

So, price retested our major high that's broken previously and traded higher.

Meanwhile, from a market structure perspective, price now is clearly overall bullish trading inside this rising broadening wedge pattern,

And as the price will be approaching our lower rising channel, we will be looking for new longs to catch the next impulse wave.


If you like this kind of Educational analysis, let me know in the comment section.

Don't forget to like and follow, to reach as much traders.

Be patient and Best of luck!