Again, Do not Fear. $BTC is just finishing up what is obvious corrective behavior.
I will eventually release a full series breaking this down in detail (posted in this channel and Youtube)
But Corrective behavior consists of three things
-Lack of consolidation before coming down
-Multiple Bounces and lows forming these channel like structures
-Choppy behavior
We’re seeing exactly that here with all of the majors
Sometimes these corrections can be deep and last several days. But they are great opportunities to add to spot and long positions.
With a bit more consolidation here on the lower time frames, We’ll see $BTC shift back to the upside and onto 100k.
Soon
- Bren (@brentrades)
I will eventually release a full series breaking this down in detail (posted in this channel and Youtube)
But Corrective behavior consists of three things
-Lack of consolidation before coming down
-Multiple Bounces and lows forming these channel like structures
-Choppy behavior
We’re seeing exactly that here with all of the majors
Sometimes these corrections can be deep and last several days. But they are great opportunities to add to spot and long positions.
With a bit more consolidation here on the lower time frames, We’ll see $BTC shift back to the upside and onto 100k.
Soon
- Bren (@brentrades)