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JICPT
Feb 26, 2021 3:12 PM

BTC needs to close above key zone to establish momentum Long

Bitcoin / DollarBitfinex

Description

Remember I pointed out one particular candle in my video? I said I didn't like the wick and it might seek support to lower level.
As I expected it, price retreated to previous low(even penetrated a bit), so what's next?

Weekly: bullish no doubt!
Daily: still in the key structure(bullish flag pattern)

4H: we have a cluster of MAs above as well as key fib levels & flip zone. Price has to be close above the yellow zone to establish bullish trend.

By the way, the below level of 42000 is a nice place for bullish setup.

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Comments
UnknownUnicorn17255216
Very helpful data, thanks!
JICPT
@Thboyer1, Thank you
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