On the 6-hour interval, Bitcoin has hit the first possible reversal price and hit the Monthly Pivot overnight. With a medium-target of around $12200, Bitcoin has support delivered by the Weekly R1-Pivot around $10400 and the former breakout level around $10100. Decisions are made here. Be smart and have the bullish and the bearish opportunities ready to trade. The general target of this beautiful reversal-bottom-pattern is around $13k, which would hit back the former high and the Yearly R1-Pivot. Once the Monthly Pivot is surpassed, there is likely bullish volume starting to come in, which would be great for this pattern.
Don´t underestimate this sort of chart formation, it formed our bottom at $3.1k and sent us into a parabolic bull-run. This would be the first high-interval Adam-and-Eve failing since I am in Crypto and watching BTC closely and I would consider a fail as extremely bearish.
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Warm regards,
Neru
Don´t underestimate this sort of chart formation, it formed our bottom at $3.1k and sent us into a parabolic bull-run. This would be the first high-interval Adam-and-Eve failing since I am in Crypto and watching BTC closely and I would consider a fail as extremely bearish.
______________________________________________________________________
Warm regards,
Neru