BTC Patience Pays Off For Bullish Buyers

8 nov 2021
hello traders:

BTC briefly broke the ATH around mid October, but quickly move down and form into a consolidations.

This is expected as market tends to tag out impatient FOMO traders before resuming the impulse phase.

From a technical point, we can see from my previous outlook, price indeed impulse up from the bottom after forming a reversal correction.
It continues to climb higher by forming smaller, lower time frame continuation corrections.

The latest development shows price hits ATH, and formed into a consolidation. This is generally good for further upside potential.

My plan would be wait for price to push up above all previous highs,
and formed into a lower time frame continuation correction, that would be the confirmation I need to enter for a buy.

Be careful as price can still continue to correct/consolidate, so best to wait for the confirmation on the LTF.

thank you