I have spotted an amazing bullish
price movement confluence for BTC
. In the 1W Chart
I spotted rejection towards the 2770 EUR Support Zone
, and now the price made a Double Bottom
pattern ( A strong price action reversal pattern. )
When I moved on to the Daily Chart
I spotted this huge Head & Shoulders
formation occurring with a Neckline ( Brake out line) @ 3600 EUR. ( Another strong price reversal pattern. )
Personally I am looking forward towards this formation, because the moving averages ( 50 MA = Yellow / 100 MA = Blue, )
have crossed as well. ( Just an indicator comfirmation. )
And in the 4H Chart
I saw another Double Bottom
, but it already did a Bullish
Brake Out, and has started a Bullish Trend
making its first Higher High and Higher Low.
In conclusion, if BTC
brakes above the 3600 EUR level, then we will see huge bullish
I have also highlighted the the analysis with colors on the chart !
Leave a like if you agree that BTC
is going BULLS !
Comment your thoughts below !