At previous analysis, we have 5250 as our bullish confirmation level, and if it break up we have bullish projection at 6600. This level become very important because its fibonacci resistance. Decline from this point will bring bad result. Anticipating pullback, we have 3 support level : Support 1 at 3950, this level are channel up support + Fibonacci support Support 2 at 3100, this level are previous support level Support 3 at 1800, this level from fibonacci projection and also previous support level
I believe the rally is over or likely over, and my advice is for people to use stop loss while longing BTC for now. My reasons can be found here.
ReallyMe
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By looking at the 4h chart, what it tells me personally, is that
Bitcoin has three options
1. continue to linger on $ 4.9k
2. jump up to $ 6.0k
3. retrace back to $ 3.9k
Given the still too high RSI of 64, I think the third option is most likely to occur.
KassandrA_dotcom
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One year ago I spotted the right area (3200-2800) to buy:
kadufregossi
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If you will allow me, I would like to share my vision.
Bimbo_Chart
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so we are likely to go to test 5.200-5300 area soon again? Before further upside or correction..
degentrader1111
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looks good, can you update please?
pkb6698
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I think the CME expiration date has a major impact on BTC's trend transition.
IRCSAS
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SMA and EMA 50 1W BIG resistance!!
bulls insist on something unusual!
I'm 1000% sure the bulls will be defeated in this war, and Bitcoin will soon see the 3000 level, I've said that a week ago when all talk about 6000 level!
TradeIndicators
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Got a nice run up today and took a small winning trade with the Martin Momentum Strategy but are still holding out on our long with the stop loss line. Watching the top resistance for a possible breakdown today. Let's see what happens. Best of luck everyone :)