This heikin ashi candle looks like the highlighted callout on LTF (2H). While the 2H pattern is absolutely a double bottom, I'm hesitant to use patterns on timeframes below days. If the BTCUSD support bounce doesn't hold, FTM will turn back around and continue the larger scale higher time frame consolidation.
On-chain indicators show alot of promise that we are near the bottom, but leverage has built up massively and could set us up for another liquidation cascade if we bounce off resistance. If so, FTM will take a proportionately larger hit.
On-chain indicators show alot of promise that we are near the bottom, but leverage has built up massively and could set us up for another liquidation cascade if we bounce off resistance. If so, FTM will take a proportionately larger hit.
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