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4.14 Old Money Morning Strategy
Bitcoin
4-hour chart, a larger cycle has been ranging for over two months, with a W-shaped pattern, indicating the bottom is forming quickly. The last time the market moved, it also ranged for two months. History is always surprisingly similar.
1-hour chart also shows a clear upward channel supported around 72,500.
15-minute chart shows a V-reversal. Under what circumstances does this situation usually occur?
We all know.
Trading idea: go north around 73,500 👆, with a stop around 72,900.
In the short term, do not look 👇.