BTCUSD Possible Bottom Bitfinex
The price action around the long term uptrend line was not very convincing to me.
I expect a short lived upwards wave followed by further correction to 6000 where we could have a double bottom. That’s nothing new neither is it interesting.
From my point of view a descent to 5200 is not unlikely. That level is defined by the 3rd arc pair of a daily setup and the bottom of a square of a 240min setup.
I expect a short lived upwards wave followed by further correction to 6000 where we could have a double bottom. That’s nothing new neither is it interesting.
From my point of view a descent to 5200 is not unlikely. That level is defined by the 3rd arc pair of a daily setup and the bottom of a square of a 240min setup.
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