I just want to place the current bullish price action in crypto and more specifically bitcoin into perspective by pointing out the fact that the major trend is still firmly bearish and we are very likely jut seeing a correction to around 21600 to test the Monthly Pivot and convergence of both the Daily 50 and 100 SMA's. In my view the most bullish case could perhaps see a bullish move to 23.7k but this is definitely less likely. In terms of bearish continuation it would be safe to assume a move below the previous consolidation support level @ 19500 would see another leg down to support @ 15800
what about weekly double bottom, volume increase, engulfing 1d candle and RSI divergence?
FXAutomate
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@KasimDogusKili, Weekly Double bottom would only be in effect with a break above the neckline @ 25k. Engulfing candle and RSI divergence is only indicative of the current correction, I prefer trading the major levels and wait to see what price action does once they do.