Ernesc23
Long

BTC Bullish Price Movement Confluence.

COINBASE:BTCEUR   Bitcoin / Euro
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 moves.

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 !
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