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Bitcoin showing rejection to go further down

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BITSTAMP:BTCUSD   Bitcoin

Disclaimer
Information is for educational purposes only and is not intended to give specific trading advice. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading.


Hello trader I am watching bitcoin showing rejection to continue futher down as we see in the first part that the bears are driving the market down but after the red bar with high volume ther bulls retake control and we start to see higher lows. I think that this red bar is a shake out to remove supply of the market and we will see a continuation of the upward movement soon


Disclaimer
Information is for educational purposes only and is not intended to give specific trading advice. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading.

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