BTC: NOVEMBER 28: LOCAL PA IS BULLISH
Price is consistently printing higher lows, as it did in the yellow box. If you pay attention to the PA in the yellow box, you can see that, after sweeping the high, the price remained range-bound and did not sweep the lows and kept printing higher lows, which is bullish. The same thing is happening at the moment. The license for me to open a long would be holding the 3D level in the daily. I might even open the long upon the reclaim of that level in the 1H timeframe depending on the PA. Another reason why I would like to open a long is the PA after sweeping the local low (36870). If 36763 is lost and we get a 1H candle close below that, I will consider my long, if we get it, invalidated. My target for the long will be above 40K.
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