#TheStrat BTC Broadening Formation 13k to 16k Bottom Long

Bitcoin / United States DollarCoinbase

Description

⋅ Jun 18, 2022 9:31 PM

Weekly Chart shows a longer term broadening formation with the purple box as my potential bottom at 13k-16k for BTC

Daily Chart shows we continue to fail to push towards the high of the broadening formation and continue to break lower

4hr Chart shows that we are quickly approaching the long term broadening formation

I would watch the price action around this lower broadening formation and look for bullish reversals.

Educational purposes only, this is not financial advice.

Comments

zAngus

⋅ Jun 20, 2022 3:36 AM

Thanks and congratulations on sharing your first idea with the community. We hope you had fun working it out as a challenge. Hope to see you post more.

From mod @zAngus