BTC broke the downtrend channel, bull divergence played in our favor.
Next resistence is 6700.
Next support is 6250
A possibility of double bottom
just like the one which we saw in April
Confirmation at breaking the neckline
Still a long way to go for a confirmed reversal
but there are signs of sellers getting exhausted
and losing momentum. Also there is no significant
volume yet
Patience will get rewarded.
Next resistence is 6700.
Next support is 6250
A possibility of double bottom
just like the one which we saw in April
Confirmation at breaking the neckline
Still a long way to go for a confirmed reversal
but there are signs of sellers getting exhausted
and losing momentum. Also there is no significant
volume yet
Patience will get rewarded.
Comment:
Bull Flag formation on 4 hr time frame.
Comment:
Bull Flag breakout played out to the perfection with our analysis.