Was THAT the BTC Double Bottom.. Is it time to run it back up?!
I spoke about the potential of a double bottom at this area (from the chats above) as there is definitely some buys stacked at that level, the concern for more downside is how far we've smashed into that demand zone and if another re-test occurs, the strength of it holding will be great diminished IMO. We've also made a LL with that last touch on demand
We've now got a potential bearish retest scenario of this trend line, that was scenario 2.
If we're going to make a new local HH, it needs to be a close and break above 18,500 or that 61 fib.
Let's see how this daily closes to give us a little more insight on where we might be headed
We've now got a potential bearish retest scenario of this trend line, that was scenario 2.
If we're going to make a new local HH, it needs to be a close and break above 18,500 or that 61 fib.
Let's see how this daily closes to give us a little more insight on where we might be headed