BTC long settup forming "W" Pattern

20 Eyl

BTC is forming a "W" pattern or a double bottom on the H4 timeframe. This is generally bullish structure and leads to a continuation impulse. The possible pullback scenarios are in red and green paths. These are areas to monitor to look for entries for longs to 1.618 1.786 area. Extensions are pulled from the previous Swing low and retracements are pulled from the low to Swing High.

61,250 entry 1

59,650 entry 2

65,100 Long Target

2.2 Risk/Reward

Not financial advice.

Do your own DD, come to your own conclusions.

Thanks for looking at the idea.

21 Eyl

Not

50 sma on the H1 is shifting from support to resistance, areas circled

21 Eyl

Not

another look at the H4 .618 retracement area. This is a key level.

22 Eyl

Not

H1 perspective