Bitcoin confirmed bullish reversal at Day TF

16 ביולי

Yesterday upwards impulse closed above previous swing lower high. For me that is a confirmation for bullish reversal. Been waiting for it for very long time.



Pay attention to Bitcoin CME GAP on 4H/Day/Week timeframes. Strong enough to give very high probability to be closed in near future (before September). That move will create a higher low and give second confirmation for bullish reversal.



Meanwhile at week timeframe confirmation is still far from being placed. We got to wait for this swing up to end and swing down to form a low. Will it be higher low or lower low - what do you think?