Blue arrow - bullish engulfing candle + double bottom + HL, leads us to yellow arrow up to 32K per 1 BTC
From there 2 options:
Green arrows - up. In favour of this play will be broken bearish trendline from ATH, established higher low and new higher high that could mean reversal and new bull market.
Red dashed arrow - down to 11,5K (most likely will be frontrun). In favour of this is weakly looking global economics (but hey, it looked like sh#t in 2020 too)
From there 2 options:
Green arrows - up. In favour of this play will be broken bearish trendline from ATH, established higher low and new higher high that could mean reversal and new bull market.
Red dashed arrow - down to 11,5K (most likely will be frontrun). In favour of this is weakly looking global economics (but hey, it looked like sh#t in 2020 too)
@bodercat0
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@bodercat0
Related publications
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.