BTC broke Out off an downtrend, tested liquidity to the downside and made a W pattern that is a Common bullish reversal pattern. BTC also broke the structure that made the Low on the chart Alot off signs BTC looks bullish and is ready to make a full reversal to higher targets
Also BTC Completed a market cycle that consist off 3 Phases: 1: Accumulation Phase 2: Contraction/expension Phase 3: Impuls phase And is now back in accumulation phase and making ready for the next move, usually breaking out off the accumulation zone to the downside in this case with a Fake move to then move higher and reach the targets.
I hope this helps you to create A long setup for BTC. Its also possible for BTC to already move higher from here or test the beginning from the impuls that made the HH.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.