BTC long settup forming "W" Pattern

15 hours agoBTC 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.