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The_Father_of_Crypto
Jun 23, 2021 1:14 PM

BTC back to bullish locally Long

Bitcoin / U.S. dollarBitstamp

Description

#BTC had a nice (insane) bounce and is back to local bullish.

That kind of bounce could mean the bottom for a while but i wouldnt be surprised if we return under 30k after that.

For now we have a breakout and after a retest (long spot) at 31.9k it should go to 40k in the next 10 days.

Target before retest : 35.3k

Retest target : 31.9k

Final target : 40.7k

Comment

On point and still valid!

Comments
AvenueWork
ClearOpenDoor
What if we retest the top of the falling wedge line and wick below it? I can see that happening. Max bearishness before the bounce
ClearOpenDoor
I have my buy order set a bit higher in case it prints an inverse H & S with more of a shallow right shoulder.
The_Father_of_Crypto
@ClearOpenDoor good idea!
ClearOpenDoor
@The_Father_of_Crypto, It could go as low as 31k though, so I've readjusted my buy orders accordingly. If we get a strong reaction at higher levels we can always cancel our orders and jump in. A falling wedge or an inverse H & S-type move this size would both provide ample opportunity to make great profits, even buying on the way up.
BurakB_
Great analysis.
ElementalB
YEP. NICE AND CLEAN
The_Father_of_Crypto
@ElementalB tanx bro
BizzarTrading
Agree
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