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BTC double bottomed on 1.272 already
Bitcoin / TetherUS
BTC double bottomed on 1.272 already
By NastyBeer
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Oct 4, 2022
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Cheer
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Oct 4, 2022
Well well well, knowing that 1.272 is a special area for prices to reverse, its important to pay close attention to PA here
After hitting 1.272 already once in june, BTC now has double bottomed just above $17.933.
If this level holds its :
1) signaling a change of trend
2) setting ground for a
powerful reaction
towards 0.886-0.50 levels
PA has been forming one major and a local falling wedge, which usually resolve to the opposite direction.
Invalidation remains a new low (or even 18.1k to break).
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
altseason
Bitcoin (Cryptocurrency)
BTCUSD
BTCUSDT
Chart Patterns
Trend Analysis
NastyBeer
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Bitcoin Level to watch
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