BTC

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DISCLAIMER: This is NOT FINANCIAL ADVICE.. THIS IS FOR EDUCATIONAL PURPOSES ONLY
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update from

Comment:

MONTHLY:
-We are having bounce confirmation with no significant signs of rejection yet
-price are back above the EMA9

WEEKLY:
-We are atarting to form a bullish crossover with price back above 20MA and EMA 9/20
-possible continuation of wave 5 is forming

DAILY:
-we are back above the 200MA
- we had a good consolidation just above the 200MA and weekly 20MA with no significant signs of supply and currently its breaking out of the absorption/consolidation with 50MA quickly catching up
-we had a JAC happened for me a I dont want it to go back below 40 again as that is a little dangerous but it might be good if we reach 52-56 k level before we have a correction again
-next correction wave is essential for me to confirm the change in behavior that might confirm the upside continuation. so im waiting where the next LPS will reside.. but 40-42 is decent
-we have formation of possible bearish divergence but for me i usually with for confirmation on both rsi and mcd

4 hours
-currently we had a decent breakout of that absorption and a possible continuation if it will not go back im hoping for 52-56k levels
-we have bearish divergence, but we also have a possible break of divergence forming