BTC (Y21.P1.E15).Local Price Action explained
Updated
Hi All,
Price has hit one of my local targets and the rejection has caused a mini double top. If it was to loose this level and find the neckline as a min resistance, then It would not surprise me that we retest the ATH as it hasn't so far and this DTop target has that, but first, it must drop below this channel level (blue lines)
Good area to buy and go long.
Bigger picture
All the best,
S.SAri
Price has hit one of my local targets and the rejection has caused a mini double top. If it was to loose this level and find the neckline as a min resistance, then It would not surprise me that we retest the ATH as it hasn't so far and this DTop target has that, but first, it must drop below this channel level (blue lines)
Good area to buy and go long.
Bigger picture
All the best,
S.SAri
Comment
Already startedComment
I'm leaning towards this scenario, especially if price doesn't drop.Comment
RSI and other indicators might help suggest this as the local bottom.Comment
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