Potential for a Bullish Reversal to 27-32k supply level
As you can see here by the demand levels, pi cycle bottom being the current price and Elliott wave theory aligning, we could potentially be seeing a bullish reversal on the Daily time frame to meet sellers at 27-32k where we will make another bitcoin analysis at.
Also note we have confirmed trendlines as 3 touches or more have been made, potential for a big move is imminent either way, we favour bullish until key wick level is lost and close below the triangle.
Please bare in mind a candle close below 18190 invalidates this idea, also that you can allow for wicks to the downside.
Trade safe, dyor and nfa.
Also note we have confirmed trendlines as 3 touches or more have been made, potential for a big move is imminent either way, we favour bullish until key wick level is lost and close below the triangle.
Please bare in mind a candle close below 18190 invalidates this idea, also that you can allow for wicks to the downside.
Trade safe, dyor and nfa.
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