Bitcoin inside the Box

in Daily Crypto Updates4 years ago (edited)

The bitcoin price at the moment is showing a potential upside scenario, but wait hold your horses were still inside the consolidation box, the bull haven't been proven they were in control at least on the 1D TF,

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however if the price stays above the box that will change my sentiment, you see the thing with consolidation is that most of the time it makes a tricky move it follow were the liquidation or the money is, thus some traders used a breakout retest entry to avoid this scenario as shown below.

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So dont get too fast, lets observe the price from here!