BTC is moving…pay attention
I’ve been clear in my clips and posts that all signs are pointing to $BTC likely finishing up a local bottom pattern here
So I have been DCAing and have a bullish short term bias
But here are two set ups (both bullish and bearish) that we can use as confirmation for either direction
1. Bullish set up: BTC moves back down towards 81k (ideally in a slow choppy manner) but fails to take out the 81k low with daily candles…confirming a double bottom and moves higher
Final confirmation of this set up: 2 daily candles closes above 93k consolidation high
2. Bearish set up: instead of slowly chopping back down to 81k and forming a double bottom…$BTC slices right through the 81k low and confirms a bearish continuation down into the 70s
Final confirmation of this set up: 2 red daily candle closes below 81k
I personally heavily lean towards this being a peak bottom pattern forming for #BTC (bullish bias)
And will always give you guys all the info I’m looking at, and what that info is leading too
but I want to also give you guys a objective set ups for both directions
Whether it be just for confirmation of direction or longing/shorting if that’s what you’re into (be safe, it’s a tough environment for leverage even for experienced traders)
Let’s see how this plays out as we approach 81k, and ofc we will update as the set up(s) progress
