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.
BITCOIN QUICK UPDATE
As we mentioned last time in the Text analysis attached in the chart, price was around the upper bound of the channel and around a strong resistance.
So, we were speculating a bearish correction, which happened after a break below our major swing low.
So, for now price is trading lower and as the price will be approaching the lower rising trendline we will be looking for new longs.
As we are still overall bullish from a long- and medium-term perspective
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!