BTC-Potential Long Setup - 1HR. BITGET
My understanding of the potential price action this coming week, after sideways accumulation breaking lower is bullish as seen from the downward channel meaning longs are being build at lower prices and in return recovering partial or whole wick(lower Low). clue of a pump will be large limit sell coming in at "bottom" but unable to push the price lower. potential downside targets are the 1 and 1.618 fib. Typically Mondays set up a false move and tend to be a replay of weekend price action from my observation over the past few month. Higher targets or take profits will be the emas marked on the charts the 1hr200 (4hr50) and 1hr800 (4hr200) emas. Note: 5 and 13 ema breaking above the 1hr50 and retest of the psi Hi continuation is the 1st step for this move to play out. Disclaimer not Financial advise but just my interpretation
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