February 27th Midday Bitcoin Public Strategy
After a false break below 70,000 yesterday followed by a pullback, it broke the downtrend flag pattern. It retested the support at 66,747, with the lower boundary of the flag at 68,011 = current strong resistance + W bottom neckline. Conditions for the hourly W bottom formation: a volume breakout above 68,011, returning inside the flag. If it doesn't break through, it will oscillate between 66,747 and 68,011, making a deep decline unlikely.
Trading Suggestions:
- Buy on volume breakout above 67,578 on the right side, stop loss at 66,700
- If volume
View Original