Bitcoin reversal pattern - Target 50k
Clear bullish hammer reversal on the 3d. We bounced off the 200MA and the POC for the range.
I expect an imminent breakout of the downtrend and test of the triangle. Target is 50k until March where we can expect further information on a potential rates increase and quantitative tightening. Ideally, we need the current candle (following the hammer) to close green.
I expect an imminent breakout of the downtrend and test of the triangle. Target is 50k until March where we can expect further information on a potential rates increase and quantitative tightening. Ideally, we need the current candle (following the hammer) to close green.
Note
Reversal now officially confirmed. We printed three green 3D candles, forming a strong base for the next move upwards.
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