Well well well, knowing that 1.272 is a special area for prices to reverse, its important to pay close attention to PA here
After hitting 1.272 already once in june, BTC now has double bottomed just above $17.933.
If this level holds its :
1) signaling a change of trend
2) setting ground for a powerful reaction towards 0.886-0.50 levels
PA has been forming one major and a local falling wedge, which usually resolve to the opposite direction.
Invalidation remains a new low (or even $18.1k to break).
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
After hitting 1.272 already once in june, BTC now has double bottomed just above $17.933.
If this level holds its :
1) signaling a change of trend
2) setting ground for a powerful reaction towards 0.886-0.50 levels
PA has been forming one major and a local falling wedge, which usually resolve to the opposite direction.
Invalidation remains a new low (or even $18.1k to break).
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
