BTC Bear Trap

Broke out of different price patterns:
1. Descending channel (white lines).
2. Falling wedge (orange lines).
3. Inverse head and shoulders.

Strong signs of bullish reversal:
1. Above the 0.236 fib level.
2. 13 (yellow line) and 21 (green line) ema crossover.
3. Green heikin-ashi candles.
4. Hull ehma green trend.

Keys to lookout for:
1. Stop loss on the local swing low.
2. Volume expansion.
3. Volatility.
4. Reentry on retest or pullbacks (can also be weakening volume).

Potential take profits:
1. Fib levels.
2. Below or on the 180 ema (purple line).
3. Estimated price range from the inverse head and shoulders.