Potential for a Bullish Reversal to 27-32k supply level

21 באוק׳ 2022As you can see here by the demand levels, pi cycle bottom being the current price and Elliott wave theory aligning, we could potentially be seeing a bullish reversal on the Daily time frame to meet sellers at 27-32k where we will make another bitcoin analysis at.

Also note we have confirmed trendlines as 3 touches or more have been made, potential for a big move is imminent either way, we favour bullish until key wick level is lost and close below the triangle.

Please bare in mind a candle close below 18190 invalidates this idea, also that you can allow for wicks to the downside.

Trade safe, dyor and nfa.