Bitcoin Weekly Cup & Handle Needs to Close above Neckline

8 พ.ย. 2021

Keep it simple and zoom out to identify where weekly/monthly liquidity zones exist and where buyers step in to push prices higher. So far things are looking good from a higher timeframe perspective. Obviously we'll need to close above this weekly neckline in order to validate a measured move higher into the 70K region. If price can take out bears SL slightly above ATHs then BTCUSD can squeeze into a new phase of price discovery. The bigger the base the higher in space for this next leg up.

Much love, many thanks.
soulunveiled