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Last night BTC broke down from the triangle and reached the measured move to the $10,070 level we were considering as the next long entry. With buy interest waiting at this level there was a nice bounce back to the triangle but not enough momentum to push back into it. The price action here is only to be considered a double bottom once we break the previous high of $10,357. It should be expected that price attempts to break these upper levels after being held up at such previous lows.
Leave a like and follow me if you enjoy free T.A and current price updates!
Last night BTC broke down from the triangle and reached the measured move to the $10,070 level we were considering as the next long entry. With buy interest waiting at this level there was a nice bounce back to the triangle but not enough momentum to push back into it. The price action here is only to be considered a double bottom once we break the previous high of $10,357. It should be expected that price attempts to break these upper levels after being held up at such previous lows.
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Volatility!
Volatility!