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adammska
Mar 23, 2024 5:57 AM

Bitcoin: look for signs of bottoming in 58-60 area. Long

Bitcoin / TetherUSBinance

Description

Similar situation to January: we had BTC trading in a range for a few weeks, then briefly breaking below support, with people calling for targets in low 30K, which turned out to be a fakeout, and a new swing trade bottom. Look for BTC to bottom in the yellow circle early next week.

Additionally, let's see if the blue channel I drew is valid. Price touching the lower trendline, and strongly reversing would be very neat.

Comment

Looking for a test of lower blue trendline
Comments
MyCryptoParadise
Your mention of the blue channel you've drawn adds another layer to the analysis
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