BTC, TRIPPLE BOTTOM
Hey everyone!
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So, in my previous analysis I told that BTC could fall a little bit and it did, but it was nothing more than a bear trap.
Now we are forming triple bottom bullish reversal pattern which can lead us straight to the important zone 7600.
Also you can call it inverse head and shoulders with neckline near 7800, cause second bottom is below the first and the third one, whatever you want.
First serious obstacle is 50 MA on the 1D time frame, which is ~7390 now.
On the lower time frame we'll soon have a cross of 100 MA above 200 MA on 4HR chart.
So we are slightly bullish short term.
I think that this is the bottom at least for coming weeks.
Always DYOR and have profitable trades!
Good luck!
Please support this idea with likes and subscribe to get fresh updates!
So, in my previous analysis I told that BTC could fall a little bit and it did, but it was nothing more than a bear trap.
Now we are forming triple bottom bullish reversal pattern which can lead us straight to the important zone 7600.
Also you can call it inverse head and shoulders with neckline near 7800, cause second bottom is below the first and the third one, whatever you want.
First serious obstacle is 50 MA on the 1D time frame, which is ~7390 now.
On the lower time frame we'll soon have a cross of 100 MA above 200 MA on 4HR chart.
So we are slightly bullish short term.
I think that this is the bottom at least for coming weeks.
Always DYOR and have profitable trades!
Good luck!
Uwaga
Yes, BTC pumped and reached ~7500, congrats! If you are short term trader I would consider closing a position. Until 50 MA on the 1D stops falling we cannot say bullish. This MA must go flat or rise and price must fix above this MA - close above it at least for a few days. Have a good start of the week!
Uwaga
It's time to take profits completely even if you are long term trader. BTC is touching 100 MA at 7941 on 1D chart which is insanely huge obstacle. Don't forget that a few days ago we were at 6900. 1000$ growth.BTC reached 8000, bought 7365.
Congrats!
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.