Tripple bttom reversal + bullish divergence = moving upwards
BTC has formed a tipple bottom reversal which is a trend reversal to the upside. A strong confirmation is breaking past the resistance at 11560.
Note: There is also a hidden bullish divergence on the hourly which lets us know that even though BTC appears to be going down its actually going to move upwards.
We can use 11560 as confirmation. A break successful break upwards will give the following targets 14200 13264, 12800 m 11861 ,11375
* If BTC breaks past the triple bottom resistance below we can see BTC touch 8600 before climbing back upwards to 14k.
Note: There is also a hidden bullish divergence on the hourly which lets us know that even though BTC appears to be going down its actually going to move upwards.
We can use 11560 as confirmation. A break successful break upwards will give the following targets 14200 13264, 12800 m 11861 ,11375
* If BTC breaks past the triple bottom resistance below we can see BTC touch 8600 before climbing back upwards to 14k.
Commentaire:
The best thing to do is HODL and wait it out. Dont sell for a loss . Two more weeks of correction and we are moving back upwards with BTC leading the pack