Chance of Reversal Up from Bottom of Weekly Trading Range / BTC
Bitcoin Weekly Analysis:
Huge weekly trading range(BLUE BOXES)
2 Legs down, Now at the bottom of trading range
**Market movements usually happens with 2 legs: 2Legs down/2Legs up**
Possible final flag near bottom of range
$24,330 possible bears target(Measured Move)
60% chance of reversal up from bottom of range
Bulls want strong signal bar to enter
**80% of trading range breakouts fail**
Huge weekly trading range(BLUE BOXES)
2 Legs down, Now at the bottom of trading range
**Market movements usually happens with 2 legs: 2Legs down/2Legs up**
Possible final flag near bottom of range
$24,330 possible bears target(Measured Move)
60% chance of reversal up from bottom of range
Bulls want strong signal bar to enter
**80% of trading range breakouts fail**