BITCOIN DOUBLE BOTTOM BREAKOUT AT 33.6K!
Bitcoin is at a critical level on the 15Min timeframe. It is testing the 200MAs, and actually just got a pinbar candle (which is bearish). At the same time, it is putting in a W pattern double bottom (which is bullish), so right now bulls are battling the bears. If price can close above the neckline of the double bottom at 33.6K, and especially if price can close above the 200MAs at 33750, then that would be very bullish, as it would also invalidate the bearish pinbar. Not only that, the bearish pinbar would be a bear trap, providing more fuel for the move to the upside. Be prepared, as this could happen within the next hour. Of course, we might not get the setup that we want, in which case I will just sit on the sidelines and wait for the next potential setup.
As always, we wait for the confirmation before entering a trade and if we dont get the confirmation, we dont enter into a trade. Some people seem to not understand this concept and think a trade has failed when it was never triggered. Cheers
Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
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1. Community of Technical Analysts sharing analysis and trades
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As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
As always, we wait for the confirmation before entering a trade and if we dont get the confirmation, we dont enter into a trade. Some people seem to not understand this concept and think a trade has failed when it was never triggered. Cheers
Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Comentário:
still waiting for a strong close above 33750 with strong volume.
Comentário:
still waiting, above neckline now but still not above 200MAs, and more critically, not enough volume
