First time since April $BTC is sitting above its 12H cloud
Back then? Ran higher straight into resistance
Time before that? Clean fakeout
This is the best $BTC has looked since the downtrend started. At minimum we're setting up for a solid rally into the 70s
Also cleared the linear downtrend line - Chuvashov fork setup incoming
If $BTC doesn't break higher from here and instead wicks down first around 60-62k sweeping current consolidation lows, I'm treating it as a high probability fakeout. Either trade the knife or wait for the reclaim
Looks like a rounded bottom forming since July 22nd and we're about to print the candle that confirms the trade
Setup looks clean. Only test now is patience
Back then? Ran higher straight into resistance
Time before that? Clean fakeout
This is the best $BTC has looked since the downtrend started. At minimum we're setting up for a solid rally into the 70s
Also cleared the linear downtrend line - Chuvashov fork setup incoming
If $BTC doesn't break higher from here and instead wicks down first around 60-62k sweeping current consolidation lows, I'm treating it as a high probability fakeout. Either trade the knife or wait for the reclaim
Looks like a rounded bottom forming since July 22nd and we're about to print the candle that confirms the trade
Setup looks clean. Only test now is patience