Long

BTC/USDT : Possible double bottom!

Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!

has reached the local lows that formed a double bottom in July 2022 and caused the second rush above $24000.

Now, There can be a mini fractal out our last double bottom and cause another rush based on correction of the local bearish basement we have before the drop!
So, In this case, We need another rejection attempt below/near $20750 to form the Double bottom or QM pattern with a bullish convergence into RSI.

If this happens, Then I'll set my trigger to locate my Long as gets closings above $21450.
Stop-loos after trigger and the scenarios Invalidation, Both should be a Close below the Grey zone, Which has been announced as an S/R zone from early July!

Anyway, If we get caught on Stop-loss/Invalidation, Then I'll be looking forward to locating my Short once gets below the lower bullish order-block at $19900 - 19600.

📝 We have made 12% on 's short and 10% on 's short. So taking Profits and waiting for new triggers won't leave us behind the market's trend 😉

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Have a good day!
Helical_Trades

Helical_Trades

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