Bitcoin Lower Highs and Lower Lowers

30 Jun 2020

BTCUSDTPERP

Bitcoin has been going sideways for the past weeks, however it is forming a worrisome pattern on the daily chart.

It had been creating higher highs and higher lows since Bitcoin has hit 10,500 range and got rejected once again.
Since then, Bitcoin has had 2 lower lows and 2 lower highs.

I my orders are set at between 9400 and 9600. I don't think BTC could push it any further and I think a correction is just healthy at this point.
Expecting the move around July 3rd, give or take 3 days.

3 Jul 2020

Dagangan aktif

The structure is playing like I thought It would though it didn't get as high as I thought it could with a scam wick during the weekend, I am now watching to get in at the confirmation of a breakdown.

Sitting in sidelines is always better than sitting in the wrong side.

Happy Trading!