Bitcoin Will Likely Consolidate or Pullback Over Coming Weeks

I know we all want to be bitcoin bulls right now, and sure price could push for 10k at anytime.  However, the orderly price action, the better for the long-term price action speaks otherwise and I’m going to walk that path.  I am the scaredycat after all!
The Weekly Chart Tells a Clear Story

Looking at the daily chart you really don’t see this.  When we look at the weekly the picture becomes clear.
After 5 straight weeks higher we got a nice doji candle last week.  This shows us indecision and that buyers may have run out of gas for a bit.
Since

About the author: TIMM Trader
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