nmcapital44

Bitcoin buying setup on daily chart

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin has some support near 40000 to 40500.

This support area is good for bounce back.

Closing below 40000 will attract fresh selling and we can see 39600 level neat future.
This selling will be result if H&S pattern breakdown.

On the flip side a bounce is on the card.

If get any bullish candle near current zone buy and use the low of candle as a stop loss

Target will be 50000.

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