$BTC setting up for the next leg

تم تحديثه
BTC set up for the next leg is very constructive because of the following reasons:
1. There are buyers (support) in the 21D EMA
2. There is price and volume contraction which started when it pulled back from 67k high
3. Looking at weekly chart, this is a 4-weeks tight - based on William O'Neil, this is a form of accumulation

November 6, 2021 looks like a reverse pocket pivot.
1. This has the lowest volume in the consolidation area
2. It closed at the highs after it went below 21D EMA

تم إغلاق الصفقة يدويًا
Reversed the breakout day with high volume

Day of the reversal coincides market wide one day reversal
BTCreversepocketpivotTrend Analysis

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