Please Support this Idea with LIKE if it is Useful.... BITCOIN The price has been forming a triangle like structure and price broke above triangle with a strong bullish candle, and price pullbacked as expected, now if price holds above the support/demand zone, I expect the price to move higher. If price breaks below the support then the move that broke the triangle will be a false breakout, so trade carefully.
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NICE, But i think the price still needs to retrace at least 50% of the previous move
Stargazer_fx
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@ALFRED4562 thanks, but as long as price is above the support around 30K I am not selling
W0lfRAider
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I was pretty 'confused' yesterday by the magnitude off the pullback but after some sleep it was clear to me that it still fits in a retest scenario, with the upper bollinger bands daily acting as resistance (not unusual, many times bended and 'broken' later on). Once we go a little bit further north I am quite confident to see a fresh attack on the 38k level. In principle I see much higher targets near term but I am a little cautious given what's going on everywhere. It's smoke and mirrors, but hey, what else is new? ;-)