Bitcoin after making a clear breakout in weekly chart we can expect minimum first target 7.7K area. MACD is confirming the buy signal with a cross up. RSI and STOCH rsi are both in reversal areas but still not showing the buying signal but for me the solid breakout and the volume coming in strong in short term already confirms futures price actions. Time to ride up BTC. Next stop is 7.5K-7.7K.
Nothing much more to say. Chart says it all but I will keep updating this chart with more short term charts.
Nothing much more to say. Chart says it all but I will keep updating this chart with more short term charts.
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Remember that this is a weekly chart! Not a short term chart!
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I showed in my last how weekly chart was bullish but I wanted to comment also in this short term scenario! A lot of respected traders are showing in their charts some kind of rising wedge which is not what is really happening! If you zoom in you can see clearly that it is a uptrend channel and not a rising wedge!
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If Bitcoin breaks above the blue line (6480-6500 dollars). A bullish divergence will be confirmed in RSI. Also Stoch RSI is oversold supporting the divergence in RSI. Divergence target will be near 7K
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Expecting target 1 within 2 weeks
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TARGET INCOMING!!!!
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Bitcoin is now again above the support line! WOW!
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YO DUDES! LEAVE A LIKE IN THE CHART IF POSSIBLE!
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Looking bullish now in 30 mins chart. Expecting another pump up
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No volume in the breakout. Bitcoin is now asking for a correction . We should drop a little now in the short term.
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It's confirmed for me dudes. Selling now BTC. 70% of balance at 7420. Target to be defined. Stop loss at 7601.
Target 1: 7152
Target 2: 7061
I am going for Target 2.
Correction before another leg up is more than expected now.
Target 1: 7152
Target 2: 7061
I am going for Target 2.
Correction before another leg up is more than expected now.
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This is why I am selling Bitcoin now in the short term. Diamond reversal pattern to be confirmed soon. Indicators are overbought and after such a crazy ride up we should correct. This reminds me of Disbelief stage of wall street psychological chart.
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Bitcoin is turning bullish again. The diamond reversal pattern got invalidated. I will post the chart soon but looks like we will go up now. Bought back my BTC at 7460 dollars.
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Diamond reversal pattern became invalid and we have now an ascending triangle in Bitcoin. Funny how the scenario changed so fast here in Bitcoin but clearly the price is being pushed up heavily
Trade closed: target reached:
TARGET 1 REACHED!
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This is it dudes! We are going back down to the channel and retest the bottom of this channel which is our target to rebuy Bitcoin.
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7070 dollars dudes
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I forgot to uodate here and I updated only in telegram . I rebought my Bitcoin at 7330 from my previous sell at 7390. Today we hit the original exact value target in chart and Bitcoin is suffering hard to break it. Let's give it time to see what will happen. If it breaks this 8K area 10K is more than expected to happen.
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Bitcoin broke 8K. Second target is now expected within 3 weeks. I will keep you updated in my short term vision.
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Bitcoin ready to keep going
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Sorry for being silent but I was waiting for the perfect timet to post. Looks like disbelief phase is now over. We are now ready for the bounce. The hope and bull run starts when Bitcoin breaks 8.5K .
Bitcoin ready to bounce now and start running up slowly.
Bitcoin ready to bounce now and start running up slowly.
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Waiting for Bitcoin to cross 7100 dollars. Should navigate to 7500-7600 after the breakout