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$BTC 1W (Recap)
Bullish:
• Ran the stops of the Feb low.
• Tweezer bottoms
• Bullish div from previous bottom on the OBV. (not pictured)
Bearish:
• Previous range low from April (6400) serving as resistance for now
Displaying a lot of signs of a temporary bottom.pic.twitter.com/KlUeUP0XFl
$BTC 1D
Bullish:
• Holding above previous range high
• Long lower wicked doji
Bearish:
• Got rejected hard from prior demand turning supply
• Bearish div forming on the RSI (not pictured)
A close below prior range high (6350), and we visit 6200 most likely.pic.twitter.com/moPF0VgwPv
Just a general TA question - Just above your stops taken box, you have a touch on Feb and two recent touches. Is that counted as a triple bottom, or is there too much separation there?
Large separations aren't a problem for bottoms. In fact, the smaller the separation, the weaker it's regarded. So you could call it a double bottom with the first touch being in Feb, and the second touch being the combined two touches of these past two weeks. That make sense?
7-8k maybe
$BTC 1W Update
• All the bullishness from earlier this week seems to be reinforcing the temporary bottom scenario.
• Cleared the previous range low that was serving as resistance.
• Currently fighting against another weekly level. A close above, and I think we test mid 7kspic.twitter.com/7urCMNO0tA
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