Nothing much has changed since our last analysis on Monday as the price is still consolidating around a possible entry zone. The chart analysis pretty much says it all about why our bias is bullish on this pair. Multiple technical confluences are being lined up perfectly: the formation of Higher Highs and Higher Lows, an ascending zone connecting the dips of the price and so forth.
We are pretty positive about the setup and we will be opening long positions once the time is right and our target will be set at the ATH.
Trade safe and with patience, dear community members!
Bitcoin is in a massive harmonic pattern & going to 18k-20k around the point D of said harmonic/former 2018 high price level/200 day moving average on the week. I would not buy here.
Investroy
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@bns long term you might have a point here, even though 20k is a little low
UnknownUnicorn1935796
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@Investroy, Quick pop to 58k area, then a slow trickle down to 18-20k from there. Happy trading!