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BTC-HONDA
Feb 2, 2023 11:27 AM

Bearish setup invalidated. Bullish continuation with no pullback Long

Bitcoin / United States DollarCoinbase

Description

BTC broke up from it's last consolidation instead of down. The market has apparently been expecting a .25 rate as it pumped off the news. Unexpected but It tapped about the 24k level and has been hanging since. I believe I've been fighting the trend too much. I am now bullish to 25.7k from this broadening wedge structure on declining volume. If it breaks down, we can see 21k. But for now, I am bullish on it. The stock market has been performing far better than I have been anticipating which has given crypto a lot of steam to push higher. I'm really starting to lean towards 30k with how high the stock market has been pushing
Comments
JoeChampion
Nice mate!
TradingShot
Thank you for your work! Have a glance at ours too:
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