Bitcoin has formed a Double Bottom Pattern along with 3 other confluences signaling early Moonish behavior. Price recently broke & closed above a key weekly level identified with the orange line. ($15979). Price is bound to reach the Double Bottom neckline, but before that happens I see a price shift to the inside of a Minor consolidation zone. A close above $16038 would be another indicator to a early bull run. This is my bullish bias for the week. I've set my Intraweek target for price point $16450.
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I Appreciate All Likes & Comments, So feel free to if you like or agree with this Analysis.
Trade closed: target reached
Target Acquired +300 Pips and some...
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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.