BTC is repeating a pattern from the middle of April. That pattern is a Bullish Divergence (which you can read about here )
Since the last time this pattern occurred, BTC remained in a small uptrend for about 16 days.
Is now the the reversal that is going to start the inevitable run to 100k for BTC? Who knows.
But it does look like BTC can at least bounce back up 17% into the high 50,000s and possibly to 60k.
Please comment, like, and follow for more!
Trade at your own risk
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Well crap. Can't win them all. TA doesn't always protect you from tweets and news event.
Overall, I think most people here are long term bullish on BTC. Buy the dip if you want. Also, please practice risk management. Crypto markets are highly volatile
@cedevita, Good thing there is a ? next to the word price increase and a stop loss set on the graph. There was a bullish divergence, but that is no guarantee it will always go up.
Seriously though, you can't win them all, and no amount of TA is going to save you from negative Elon tweets. That is why it is important to manage risk.
MarketMakerTraders
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Almost,
Now is the Time,
fbush3300
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ehh not quite
Gweil0
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IT"S HAPPENING
eNelle_007
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None of the technicals seems working brother. Nice elaboartion though. Like it.
BroitsBroski
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I noticed this too on the chart but couldn't share it with this reputation points policy...
sepehrtorkamanian5
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🤔
AkiyamaSairei
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Thanks for your contribution! Let's hope this is the case!!