Reverse or Continue?
Hello friends.
Bitcoin recorded a higher low in the daily timeframe (February 4), which is unprecedented since November 9.
In technical analysis, when this happens and the price can hit a higher low than the previous low(s), we should probably expect the price to hit a higher high than before, which may be the beginning of a reversal and move upwards. But as long as the downtrend channel does not break strongly, we are still waiting for the price to fall.
Thank you for your attention
Be rich
Bitcoin recorded a higher low in the daily timeframe (February 4), which is unprecedented since November 9.
In technical analysis, when this happens and the price can hit a higher low than the previous low(s), we should probably expect the price to hit a higher high than before, which may be the beginning of a reversal and move upwards. But as long as the downtrend channel does not break strongly, we are still waiting for the price to fall.
Thank you for your attention
Be rich
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