3pl bottom

Chart is self explanatory.
Buy the bottom trade.

Note

We have not triggered entry point.
1st target is still valid

Note

We made spike into the sky but that's all. There are still enough sellers. So we may consider buying at 3600 or lower. Its hard to say where we will finally stop. But I can suppose that today we will see daily candle to be green. If we trigger entry point that's great, If not we will be pushed to search entry point on lower time frame. But don't hurry. If I will see some good entry will try to update the idea.

Actually, I think that we are already in the extremely oversold zone, where buyers buying the little pieces of their main portfolio from people who are afraid of BTC to go 1k.

Seems like we are forming bottom for a long term period. Also, this level will be pivot point (for forming 2bl bottom in a long term or testing previous low) before BTC break downtrend.

Trade active

3700

Note

Note

Don't like to post millions of pictures. But my last triangle was busted in a hour.

Note

Bull flag + W formation.
2nd target 4500.

I think that we wont see 5k so soon.

Trade closed: target reached

lj_4b

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lj_4b