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czupryn888
Dec 28, 2021 3:30 PM

Bitcoin - Bump & Run Reversal Bottom Long

Bitcoin / TetherUSBinance

Description

We probably left the accumulation zone. This is how a formation called "Bump & Run Reversal Bottom" was formed. The valid level is around 48,000. Below this level, it may break out of this formation. The 46,000 line is the most important - it supports the entire uptrend.
52,000 is a strong resistance, so at 52-53k there should be a consolidation.
At the 53,500 level, there is still a CME gap to be completed.
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