BTC Are You Still Long???
Updated
Quick idea. There is a double bottom, and we are retesting the neckline now.
This seems to be a very strong support with the support from:
1. Neckline
2. bottom of megaphone
3. 0.25 pitch fan level
4. Accumulation area
Based on the double bottom my price target is around
67K but also marked in the chart some more price targets as a green rectangle.
One last thing is the RSI is in a support zone on the 4h and it is oversold in CCI indicating it is not very likely that the price will continue down.
Overall:
You may want to wait a little longer to see if we hold above 55k, but a long here is fairly safe and watch to take profits around
65K+.
The best way to support me and get me to release more ideas is to follow, comment, and like. Thank you.
This seems to be a very strong support with the support from:
1. Neckline
2. bottom of megaphone
3. 0.25 pitch fan level
4. Accumulation area
Based on the double bottom my price target is around
67K but also marked in the chart some more price targets as a green rectangle.One last thing is the RSI is in a support zone on the 4h and it is oversold in CCI indicating it is not very likely that the price will continue down.
Overall:
You may want to wait a little longer to see if we hold above 55k, but a long here is fairly safe and watch to take profits around
65K+.The best way to support me and get me to release more ideas is to follow, comment, and like. Thank you.
Note
bullish divergence?Note
hope its not a false breakout, but seems like the bullish divergence was true. 
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