Could Support @ $65K be New Low? - Bitcoin
Updated
Here I have Bitcoin on the 4 Hr Chart!
In the Overall Daily Chart, price on Bitcoin looks to be Consolidated!
But scoping down to the 4 Hr, we see Price has been using this Support Zone @ $64,500 - $65,500
- Feeding the Bullish Bias is purely boiled down to Technical Analysis being the:
- Tweezer Bottom
&
- Bullish Engulfing Candlestick Pattern forming ..
@ an interesting level of SUPPORT!!
In the Overall Daily Chart, price on Bitcoin looks to be Consolidated!
But scoping down to the 4 Hr, we see Price has been using this Support Zone @ $64,500 - $65,500
- Feeding the Bullish Bias is purely boiled down to Technical Analysis being the:
- Tweezer Bottom
&
- Bullish Engulfing Candlestick Pattern forming ..
@ an interesting level of SUPPORT!!
Comment
In the bigger picture of things, if we are to expect this to be a good area for Price to move Higher, we want to see a Large Daily Bullish Candle to give us either a "Bullish Engulfing" or if price decides to Consolidate for a day, a "Morning Star/Morning Doji Star" Candlestick Pattern to CONFIRM BULLISHNESS!!
Novi_FIbonacci
Telegram - t.me/+l3fTcsZu91ZiZDkx
Telegram - t.me/+l3fTcsZu91ZiZDkx
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