Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
Bitcoin is forming a potential W pattern double bottom with the neckline at 34K. If price breaks above 34K with strong volume, I will be looking to put in a long scalp trade. Again, need to wait for breakout for the confirmation; if price doesnt break 34K with strong volume, then will not enter into the trade. If price breaks below support, then this double bottom will also be invalidated and I won't trade it.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Bitcoin is forming a potential W pattern double bottom with the neckline at 34K. If price breaks above 34K with strong volume, I will be looking to put in a long scalp trade. Again, need to wait for breakout for the confirmation; if price doesnt break 34K with strong volume, then will not enter into the trade. If price breaks below support, then this double bottom will also be invalidated and I won't trade it.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
