We have a very long lower wick on today's candle after some volatility kicked in.
The Fear & Greed Index for Bitcoin is now at "Extreme Fear"... What happens next?
Looking at the 1H timeframe, we can see a candle wick going as low as $39558 but closing at $40809.
The the following candle pushed prices back above EMA10 on high volume.
See the chart:
This recent low coincides with September 2021, opening the doors for a double bottom.
The blue arrow show the potential bullish path.
(Potential is now opening for a bullish bounce).
If the bulls fail to push prices above EMA10 this week, we can expect a test of lower support.
This is not financial advice.
Remember to do your own research before trading.
Namaste.
The Fear & Greed Index for Bitcoin is now at "Extreme Fear"... What happens next?
Looking at the 1H timeframe, we can see a candle wick going as low as $39558 but closing at $40809.
The the following candle pushed prices back above EMA10 on high volume.
See the chart:
This recent low coincides with September 2021, opening the doors for a double bottom.
The blue arrow show the potential bullish path.
(Potential is now opening for a bullish bounce).
If the bulls fail to push prices above EMA10 this week, we can expect a test of lower support.
This is not financial advice.
Remember to do your own research before trading.
Namaste.
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alansantanatrades.com
🚨 PREMIUM Cryptocurrency Trade-Numbers
(Since 2017) 👉 lamatrades.com
🔝 Join me on Telegram... 10,000+ Charts!
t.me/alansantana1111
🎁 Tips | t.me/asdons