Exsilium
Long

Update: Confluence of Support to 720 Target

BITFINEX:BTCUSD   Bitcoin / Dollar
240 1 7
see chart for notes - updated with a couple bullish signal confirmation signal areas and refined the precision of the graph as a whole.

will be looking for a target of R2 642 today as PA targets the last swing high. Pivot 625 should retain support status with an absolute bottom of 620 by the end of the daily bar to maintain bullish long-term channel

previous day saw the first ever 2x 1H bullish Impulse bars in a row, which was preceded by another bullish Impulse bar during the previous day. These two days have seen very very clear support at the long-term channel bottom
I agree that a price around $625 is highly critical as a pivot point to act as support of a new uptrend.
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