Bitcoin | A Complex Price Development

١٠ أغسطس ٢٠٢٢

Bitcoin | A Complex Price Development

Since when the price tested 17.K the price has been in a correction for a
a long period of time.

We have seen new bullish volume to join bitcoin during this period of time, however
the price is still in the development process.

Actually, the price is testing the lower part of the "BIG Wedge Pattern"
and we can see any bullish movement from 22.7K as I explained yesterday
on the TradingView live stream.

I am expecting for the bullish volume to grow more these days.

So if you are long on this trade the stops should be below the bigger pattern or below 22.7K

Even if the price will move lower than 22.7K we can not suppose that It will keep moving down.

However, it is better to wait and see the new price development after that happens.

Thank you and Good Luck!

١١ أغسطس ٢٠٢٢

أغلقت الصفقة: تم الوصول للهدف

Bitcoin | First target reached + 8.2%