10.1k will hold for a bounce up. Will provide targets in the next idea.
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Leave a like if you get something out of my idea, it costs you nothing, I ain't asking for your coins am I?
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There is a possible buy signal coming up on 1h, if the day closes above 10920, BTC will test resistance at low 12k. If BTC doesn't close above 10920, between 9.5k and 9.7k is a good buy.
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To all those who have no clue what's happening and are scrambling through TV to find an author whose bias you'd prefer, rather than the hard truth, hit like and follow me. I was once in your position, I know your plight. I believe you can benefit out of my ideas. And it's absolutely free!
Trade active
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Target 8.8k. 9.5k support might be weak, best to buy after observing how price reacts at 9.5k. Or if your portfolio can handle it, cascade the buys between 9.5 and 8.8k, with proper risk management!
Break and close above 10.95k negates this idea!
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To be clear, I'm not here to hand hold your trades, it's a give that your shorts are already closed when we went below 9.8k.
8.8k is target for next buy!
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Be careless and leave a lot of likes behind!
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WARNING!!! A close below 9980 today can prove very fatal for BTC! There will be no point in buying as all buys will be invalidated! If this happens, BTC can go to the higher 7k region next week and there might be absolutely no bounce back to current levels.
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I hope my sharing of ideas helps each of you in someone way! A huge thanks to all the followers, people who hit the like button, people who appreciate and constructively criticize in the comments, people who share a nice conversation on the chat and including the one who anonymously visit. Without you're support, I wouldn't be able to do this! Thank you!
I think you are right. I also did an idea with a similar script.
kxa5111
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still first stop 9,4k? still were going to 7000?
its bouncing up to 10.8k .
would love to hear from you before trading, I have trust in you
TulpenFieber
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@kxa5111, thanks for the trust mate, means a lot! But I would not ask you to trade on my advice, as I'm still learning. The price action required to be analyzed again. 10.8k in my view is a relief bounce and this negates the support at 9.4k. It should fall further to 8.8k. My buy personally sits there at, 8860 and 8570. It always best to let the price reach where your order is than the other way around! Peace!