BTC LOWS ARE VITAL FOR THE BULLS

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BTC LOWS ARE VITAL FOR THE BULLSBitcoin / US DollarCOINBASE:BTCUSDSive-MortenMorning folks, So, BTC is trying to hold above 60K area and we've got even bullish grabbers on daily chart, suggesting action to 65K. On 4H we could get double bottom - but this is just a potential pattern, if bulls will be able to hold the lows. It is relatively simple to deal with current situation. Until lows hold - bulls keep chances on upward action. Thus, we just could buy against the lows and see what will happen. If lows will fail - it means downside continuation. For now, if you want to try to buy - keep an eye on minor 1H retracements to 3/8 or 6/8 levels to do it as closer to vital level as possible. In general downside tendency is not broken yet, and all patterns are still potential ones. So, risk of bulls' failure is significant by probability, but the cost of this risk is relatively small for now.