BTC broke Out off an downtrend, tested liquidity to the downside and made a W pattern that is a Common bullish reversal pattern.
BTC also broke the structure that made the Low on the chart
Alot off signs BTC looks bullish and is ready to make a full reversal to higher targets
Also BTC Completed a market cycle that consist off 3 Phases:
1: Accumulation Phase
2: Contraction/expension Phase
3: Impuls phase
And is now back in accumulation phase and making ready for the next move,
usually breaking out off the accumulation zone to the downside in this case with a Fake move to then move higher and reach the targets.
I hope this helps you to create A long setup for BTC.
Its also possible for BTC to already move higher from here or test the beginning from the impuls that made the HH.
No financial advice.
BTC also broke the structure that made the Low on the chart
Alot off signs BTC looks bullish and is ready to make a full reversal to higher targets
Also BTC Completed a market cycle that consist off 3 Phases:
1: Accumulation Phase
2: Contraction/expension Phase
3: Impuls phase
And is now back in accumulation phase and making ready for the next move,
usually breaking out off the accumulation zone to the downside in this case with a Fake move to then move higher and reach the targets.
I hope this helps you to create A long setup for BTC.
Its also possible for BTC to already move higher from here or test the beginning from the impuls that made the HH.
No financial advice.