Bitcoin Buy Idea After Trend Line Breakout
H4 - Price is bouncing higher from a strong support zone.
Multiple false breaks with bullish divergences.
Bullish convergence, most recent downtrend line breakout.
Until the strong support zone holds my view remains bullish here and I expect the price to continue higher further.
Multiple false breaks with bullish divergences.
Bullish convergence, most recent downtrend line breakout.
Until the strong support zone holds my view remains bullish here and I expect the price to continue higher further.
Comment:
The price action followed my analysis exactly as I expected it to here. After the bullish convergence and the most recent downtrend line breakout we had a pullback but the price was holding above the strong support zone. The price then moved higher further and delivered an excellent move to the upside!