25/08/2022
BTC on monthly timeframe as you can see, Price broke out on that red ray line with a bullish momentum candle catching people on the wrong side of the market thinking that the market will keep going up up and up. What happens next Price retract half of the bullish candle then push up again giving us an evening star candle formation at the top for massive sells. Price approach that same red ray line that price broke before with a strong bearish candle which is the impulse and price might give us corrective structure to push below for the last leg before the massive buys. Looking at the 1 hour timeframe price is pushing low to form a lager corrective structure.
