BTC double bottomed on 1.272 already

Well well well, knowing that 1.272 is a special area for prices to reverse, its important to pay close attention to PA here


After hitting 1.272 already once in june, BTC now has double bottomed just above $17.933.

If this level holds its :

1) signaling a change of trend

2) setting ground for a powerful reaction towards 0.886-0.50 levels


PA has been forming one major and a local falling wedge, which usually resolve to the opposite direction.

Invalidation remains a new low (or even 18.1k to break).



Hold my beer pls

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No financial advice, do your own research, don't be stupid