BitcoinUpdated $BTC local bottom could be in!
After the S/R flip we dumped all the way down to the weekly support level after rejecting the weekly resistance as outline in the chart. Notice how close weekly support is to the bottom orderblock, this is a very strong bullish signal. Wait for BTC to test 9.6k and weekly close above 10.1k, that's your signal start building longs.
Note
Invalidation if 9.4k breaks.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.