Description
⋅ All based on trendlines and RSI analysis with the aids of Fibonacci retracement.
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⋅ Looking closely this sell off seems not yet over as the corrective pattern reveal potential 3000$ level.
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⋅ Bringing together the both mega corrective wave patterns of BTC. From this chart its show we are in corrective sub-wave iii.
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⋅ this is first reversal pattern we have gotten ever since the beginning of the dump.
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⋅ Another trading range has been formed for now this is between 4230$-4750$.
We await breakout from this range if we break up our target will be 5700-5900
If price break down we will see the first mega test on 4000-3850.
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⋅ This is what we have on 2day chart, we should scale up slowly through the range.
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⋅ Spotted bullish divegence
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⋅ Price breakout from this mini-symmetrical triangle