BitcoinLong
Has Bitcoin found its turing point??? C in a CD leg?????
bitcoin spike is something i haven't seen in a while and to be honest its a nice surprise. I was paying attention to some missed pivots above price for a while and price went up to meet the 1st (missed april central pivot) and got very close to the 2nd (missed weekly central pivot) from a few weeks ago.
This got me to zooming out to a daily and trying to figure out "what if" this spike up off the low now makes the low a potential C in the C D leg of a BAT pattern which could go to 78.6 or 88.6.
If so the fact that I got long at the completion of a bullish BAT towards the end of last week will be a nice outcome.
Its early days still but I like what i see in this price action.
This got me to zooming out to a daily and trying to figure out "what if" this spike up off the low now makes the low a potential C in the C D leg of a BAT pattern which could go to 78.6 or 88.6.
If so the fact that I got long at the completion of a bullish BAT towards the end of last week will be a nice outcome.
Its early days still but I like what i see in this price action.
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