Fake breakout?!🤔
Let’s look on a daily and 4H timeframes guys. First of all, all of you now can see that it was fake breakout of the huge channel😏
We are now trading again inside this channel. Rising wedge worked perfectly fine which you can see on the second picture (4H timeframe). However, my limit orders weren’t successful and I couldn’t buy back🤷
As you can see bitcoin did retest of the bottom of the channel and rose to the middle. Possible key scenario now is that we can test once again bottom trendline. Thus, I’ve changed my limit orders accordingly starting from $56k and below😎
Now it’s time for accumulation so we can stay here for some more time 😏
What do you expect from bitcoin this month? Share your thoughts in the comments below 👇🏻
