BINANCE:BTCUSDT   Bitcoin / TetherUS
After we pushed off the resistance line of the rising channel we showed a good downward movement.
We have reached the midline of this channel by forming a falling wedge pattern.
maybe this pattern will come true, and this movement is just a correction before jumping up, and in this case I see resistance in the 8600 zone -like the formation of a second shoulder pattern head shoulders.
I see support level in the zone 8000-8200 (yellow box)... also this is 38.2% fibonacci level
But I see stronger support in the zone 7850-7600 (orange box)

Best regards EXCAVO
Jan 25
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Jan 26
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Jan 27
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Jan 27
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Jan 27
Comment: the first time bitcoin did not break the price of 9200, now there will be a small correction and another attempt is possible to break this level

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real growth will take place once price candles will get closer to green area, where the breakout might actually take place
+2 Reply
@fract, beautiful.
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Good job
+1 Reply
Nice one, here is a simple way of trading BTC now
+1 Reply
Amjadsid DMG_Intelligence
@DMG_Intelligence, if this is the case( leading diagonal) in wave 1 dont buy
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Thumb UP! Good chart!
+1 Reply
Great Idea
+1 Reply
thank you buddy
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Great Bitcoin chart Excavo !
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