BTC/USD (Bullish Rejection @ 1H TF 50ma Dynamic Support)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
💎Technical Analysis Summary💎


-The Bulls defended the 50ma on the 1hr time frame
-We saw the price rejecting the dynamic support area
-This zone is also a confluence of previous resistance
-If we want the market to continue its strong uptrend
-It must go back above the 0.5 Fib level area
-And retest the recent top at 18.9k dollars
-A 2nd retest may give the Bulls a chance to break the 19k dollars resistance
-And hopefully hit the All-Time High record last 2017
-Please do not FOMO and always plan your trade before execution

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Nice one
+1 Reply
@Fizz89uk, Really nice indeed! Though the price dropped quite a lot after you published the idea, I am still bullish on BTC. You can see we have quite some time left before we hit the parabola:
Hello. Nice analysis. Here is my view on BTCUSD

Good job as always, ThanksForSharing
And Now???
Support is broken??? Where is the downard target???
Nice analysis
Nice one but still keeping price last 24h
seems like rejection at the support level. More upside
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