BTC - Possible Rounding Bottom reversal . Target 41k and 45k

Mar 8, 2022

Rounding Bottom reversal - These tend to move to the strongest support line . hence id expect a possible move to 41k followed by another to 45k

Mar 8, 2022

Note

On the Flip side the "Rounding Top Reversal" also moves to the strongest support area and below is an example of such a move by BTC

Mar 8, 2022

Note

looking closely at the last graph above there is another "Rounding Bottom Reversal" to the left of the graph .
The target of this move is measured as 2* the distance from the bottom of the curve to the top , or 2*A as shown in the graph below.

Mar 8, 2022

Note

** To protect liquidity Stops loss for long trades should be set to 37025.***