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BigLava
Mar 4, 2021 7:13 AM

BTC/USD Current view 

Description

BTC has touched around 53,000 and 51,500 which printed a double top.

We are forming a falling wedge which is a bullish pattern.

If we break support ton the wedge, we can expect to possibly see the 45,000 - 44,000 zone.

Always wait for confirmation !
Comments
Ahmedvevo
are you sure its not like that ......
Ahmedvevo
@Ahmedvevo, and 4R macd ABOUT to cross down bearish. but i hope ur TA is Right bro . need to see more bullish moves in the market.
HeyJonBray
@Ahmedvevo, I disagree, I think the institutional FOMO has severely jacked the price up (along with fiat printers running full blast and stimulus packages to working people).
Bouncing back to almost touch 53k was a test of where retail holders will take profits (~120% for those who bought and held in 2017, a fair appreciation on an asset youve taken a loss on for 3 years).
The trades taking place this year will help solidify who the big players in crypto are. A legitimate price correction would be nice. I want BTC to go on clearance.
Ahmedvevo
@HeyJonBray well said ,,, but we still going for 46500 the green target 🤗
Ahmedvevo
Yuriy_Bishko
the growth is canceled ?
Venturao
Nice job bro
BigLava
@Venturao thank you
FOREXN1
Nice chart and pattern ! ! ! !
amgadsalama
Great set-up. Thank you :)
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