Each 14 day bar has opened and closed in roughly the same range (highlighted blue). The latest wick below touched support 1, then retraced back into the blue range. That quick retrace is a bullish sign. It seems the path that BTC takes next will be shown by a bar which closes either above or below the range. Keep an eye out.
IF 14d bar closes above the range, then we may have a massive move up.
IF 14d bar closes below the range, then we'll probably see the 33k-39k range revisited (support 2).
IF 14d bar closes above the range, then we may have a massive move up.
IF 14d bar closes below the range, then we'll probably see the 33k-39k range revisited (support 2).
Trade closed: target reached:
Support 2 reached. Update to idea with levels apparent in 14 day chart. I like 14 days because it reveals levels of support and resistance which are not clear in other times.
