Attempting to double bottom here after rejecting the bearish 1.13 drive. IF we hold up here, this would be a major signal for me, but without a confirmation, there is still a risk of downside. I really want to see commitment on the bullish side because until then there is always the argument of buyer induction. I like seeing the panic across the market because often times Bitcoin will make moves like this and really put pressure on the bulls to sell and enticing the bears to double down on short positions only to reverse aggressively to the highs.
Again, without confirmation of a double bottom here, risk is still fairly high, however i am still in the bull camp here without commitment to new lows on a major time scale.
A move up here would be confluent with the 1.13 of the Bearish shark and potentially give us a reversal as high as the 886
Again, without confirmation of a double bottom here, risk is still fairly high, however i am still in the bull camp here without commitment to new lows on a major time scale.
A move up here would be confluent with the 1.13 of the Bearish shark and potentially give us a reversal as high as the 886
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discord.gg/2b6UjxEY
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