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Melupira89
Feb 12, 2024 11:34 AM

The weekly on btcusd. 

Bitcoin / DollarBitfinex

Description

Weekly candle that expresses volatility and directionality, the perfect mix for a strong and constant trend. The rise is evident to everyone now, a break of the highs at 49k usd would lead to the test of the highest resistances such as 58k usd for example. This scenario would put an end to the intermediate-term correction and with a resumption of the bullish trend, we could witness a moment of fomo. The opposite scenario is very difficult to imagine now, something truly sensational would be needed to crush a bullish trend like this.
Comments
waqarasiya1996
Market correction is 💯 as per Mty assumption if you see closely its making bearish diam
eddieelsewhere
Like a market correction?
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