This trade setup on BTCJPY is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 9991550.0224.
Bulls aim for 9991550.0224 after the BTCJPY triggered a bearish formation on the 4 hour chart
