BITCOIN BULLISH OUTLOOK
#OPINIONLEADER# Morning to everyone and all traders out there we have been experiencing a sell-off on the crypto market since the last year 2021 in (November) to date, as we are in a corrective wave 🌊 I expect to see a bullish 📈 move on the crypto market from this point for some reasons behind technical analysis, see image below for reference
Bitcoin fails to close its Daily candle below its previous low we may see a shifting in momentum and a good sign for buyers, see the image below for reference
Also, we see a nice rejection on 4H TF after retesting its previous low see the image below for reference
Entry should be taken in 1H TF let's wait for a price close above 50EMA for more clarity even if we have a broken structure on 15M TM, we take entry on a pullback above the consodition area or 15M consolidation area see image below for reference
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Edited 22 Aug 2022, 10:41
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