BIG Reversal COMING!? Triple Bottom Reversal imminent!!!
Here's a quick update on BTC 4 hr chart. As we can see the price has dropped a lot the past few days and it seems like 31k is a very strong support with bunch of buy order stacked at that zone. It is very possible that we see a much bigger triple bottom reversal very soon. The case is as shown in the chart about the triple bottom reversal - the target for this triple bottom reversal is all the way at 50k!! It seems like 30k was the bottom! Tho if we break 30k then expect 18k.
Also a point to note is that the RSI is in a zone where it tends bounce every time it gets there. We are looking for a big reversal soon!
And keep in mind that S&P 500 hit new ATH few days ago. And BTC has been very correlated to S&P.
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Also a point to note is that the RSI is in a zone where it tends bounce every time it gets there. We are looking for a big reversal soon!
And keep in mind that S&P 500 hit new ATH few days ago. And BTC has been very correlated to S&P.
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
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