BTC is waiting for someone to pump or dump. It looks to me that there's more buying than selling in this zone. If it gets out from the current area, we're looking to go up to the blue dotted trendline.
Still, it's not a good indicator if we stay too long in one area. If it moves down, then see the chart for the targets.
Still, it's not a good indicator if we stay too long in one area. If it moves down, then see the chart for the targets.
Comment:
let's wait for a clearer breakout from the downtrend line
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The red horizontal line has been crossed 3 times. This is bad.
MACD and LSMA points down.
MACD and LSMA points down.
Comment:
Blue lines 2500 and 2510 are potential areas for pullback.
2440 - 2470 is a major demand zone. You can restock your position in that area.
2440 - 2470 is a major demand zone. You can restock your position in that area.
Comment:
this is good
Comment:
someone pumped big time
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price movement looks good. beware of selling pressure around 2580 area
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on second look, BTC looks like a double bottom setup to me
Comment:
push some more
Comment:
stay above that red line
But if it goes below 2,520, the next target is from 2440 to 2470. This zone is a good demand zone and a potential good reversal zone too (in the 15min TF).