In my previous post about bitcoin i expected a downside move and even though the price had some nice move to downside the price didnt fully committed to the move and soon retraced back up.

We are having a volatile market at the moment due to many fundamentals and global events and we can see the effect on the price, bitcoin went up almost 10% and more to upside and broke above 26000$ price point.

In my point of view and analysis this current moves are all noises and market will soon commit to the downside in a matter of days. Price is currently creating a bigger 3 touch flag and is going for the 3rd contact point, we want to wait and see how the price reacts after the 3rd touch before making any move. We want to see clear shift to confirm our analysis. Once again i am aksing everyone to dont even think about buying bitcoin at this current price and volatile market. We will have clear oppertunities once the market become a little relaxed.

This is only for educational purposes.

Thanks for checking out my post