Hi guys,
We can see $BTC trying to form a bottom at this range and we have an opportunity to get long for the rebound. On the daily we have a large falling wedge pattern and we are currently trading at the bottom of the wedge (not confirmed yet though):
We should watch the total crypto market capitalization as well, and here we might see a bit of weakness in the overall market so BTC is where we will likely want to be to ride the gains and liquidity:
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
We can see $BTC trying to form a bottom at this range and we have an opportunity to get long for the rebound. On the daily we have a large falling wedge pattern and we are currently trading at the bottom of the wedge (not confirmed yet though):
We should watch the total crypto market capitalization as well, and here we might see a bit of weakness in the overall market so BTC is where we will likely want to be to ride the gains and liquidity:
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
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We're trying to swing around! Daily candle needs to close to confirm short-term reversal. It may need to consolidate a tad before confirming as the market is a bit stunned from the 6K breach.
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Is this the higher low we've been looking for to get our rally?
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Second breakout attempt!
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Second attempt failed! Now we are back testing support. A close below support will neutralize the rebound and we'll have to test the invalidation level. Below invalidation, that will be a breakout trade to the downside!
Stay nimble my friends ;)
Stay nimble my friends ;)
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Found some support... will Christmas come early for us this year?
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![BTCUSD [REVISED] - 30% Countercyclical Long Trade?](https://s3.tradingview.com/r/R5gWkiHx_big.png)
