BitcoinLong
BTC Retests support after fake breakeout
After continuous drop bitcoin shows straight.
Fake breakout shows power of buyers. Retest of support confirmed further growth. Higher low is forming right now.
Even thought green candles show straight after fake breakout, the long/short ratio is neutral. It means that fast, powerful moves are not supposed to take place soon.
Consolidation 42-45k$ is expected with forming rising wedge. Which will show us the straight of the crypto, with breaking up to 52k$ to save the uptrend.
Fake breakout shows power of buyers. Retest of support confirmed further growth. Higher low is forming right now.
Even thought green candles show straight after fake breakout, the long/short ratio is neutral. It means that fast, powerful moves are not supposed to take place soon.
Consolidation 42-45k$ is expected with forming rising wedge. Which will show us the straight of the crypto, with breaking up to 52k$ to save the uptrend.
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