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Last squeeze below 7600 was an obvious stops hunt. Now price has made a pretty strong bounce, broke the falling wedge and can test 8100 zone again.
In my public channel (check signature) we have even made a small profit on last squeeze below 7600. Now after the bounce we have opened long. You can open long now as well, or you can wait for a small (~50$) retracement and then open long.
Looks like bears are losing momentum but for now it could be just a retracement/correction. On dayly timeframe market doesnt look bullish yet. Bitcoin price can even try to close big CME gap, but still drop after that.
I will post new updates of this idea if anything important happens.
What are your thoughts on it? Lets discuss in comments!
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TechRD
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@WilliamLockhart, Nice, thanks for update.
Robonz
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@WilliamLockhart, :D
Anoinvest
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@WilliamLockhart, I liked this. Hopefully Im COVID-19 immune now as you promissed. Waiting for my 1 BTC for this comment bruh ! I do agree with the long. Here is my mid term view
rockybitcoin9639
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@WilliamLockhart, hitting dislike button will discourage you from making false analysis and reading this comment will save you from losing many Btc😁🖕🖕🖕🖕🖕
Leaving a comment will also grant you with 1 BTC automatically loaded on your wallet!