In this idea I illustrate the movement we can expect from Bitcoin now that we have flipped bullish. That little hook you see at the start of the green path I drew is the breakout start where the price movement flips bullish signaling the end of that pattern and the start of the ascending triangle.
Also the support appeared weak because it was weak due to fear being high. You can see that as each fall to bottom support was steeper then the last meaning higher fear. The strong dip buyers that you read about in articles have someone that knows this.
Hence the statement be brave when others fear.
This is pretty near perfect price movement you would see in this situation.
Let me know what you think and I hope you come out a winner in the 2024-2025 Bullrun. Let's GO!
Beyond Technical AnalysisChart PatternsWave Analysis

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