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Bullish_Traders
Apr 17, 2024 8:04 AM

πŸ“ˆBTC Playing Above The Important Support And Its Better To LongΒ Long

Bitcoin / TetherUSBinance

Description

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πŸ“ #BTC Update

βœ… Previous Update Perfectly Worked And The BITCOIN Price Hit The 61700$ Support One More Time, Now At This Update I Wanna Talk About My Next Plan About The BTC

πŸ‘‰ There Is a Clear And Strong Support At The 61k Area And Its a Fourth Time That protected The Bitcoin Price, If You Followed My Previous Updates My Expectation Was About The Breakdown This Support But Currently I Think It’s Worth To Take a Risk And Long This Support Because Of The Following Reasons :

1️⃣ Wave 5 From C Looks Completed At The 61k Support By The Nice PRZ

2️⃣ There Is a Bull Flag Formed At The Chart Which I Draw And The Price Exactly Bounced From The It

3️⃣ We Have Only Two Days Before The Btc Halving

πŸ“₯ By All The Reasons I Mentioned, It’s Worth To Enter The Market And Because The Bitcoin Playing Near The Support It Brings a High R/R For us

Comment

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πŸ‘‰ There Is a Perfect Elliot Structure At The Lower Timeframe, Legdown To The 58k Is Possible As a Fake Breakdown Then Bounce Toward a New ATH

πŸ” We Are Too Close To The Main Reversal Area

Comment

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🎯 Seems 5 From C Completed And The Price Exactly Bounced From The Trend Line, Also The Price Breakout From The 63500$ As a Important Pivot

πŸ‘‰ In My Idea Correction Is Over And New Bullish Trend Is Started, 73k Is a Next Target And Also Its a Important Level, I Expect This Time Bitcoin Breakout From 73k Level By The Strong Candle Toward a 82500$ As a Main Target

Comment

β‹…

πŸ“₯ Nothing New To Say, The BITCOIN Exactly Followed My

πŸ“ˆ Currently The Price Playing Below The 67k Resistance Level Which I Expect a Breakout Toward a 73k As a Next Target Soon
Comments
MyCryptoParadise_Simon
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support at 61k has indeed been a significant level for BTC
behdark
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It is a good analysis, but where should we place the limit of loss?
Bullish_Traders
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@behdark, any breakdown below 60k will invalidate this Scenario but i dont think about it right now
satiev1
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I think btc will be range bound 58-70k till q4 then rally again
salehazimi
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we have 59k major daily base support. 61k is 4h support base so i think 59k is the right place for long positions not 61
Bullish_Traders
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@salehazimi, fake breakdown toward a 58k is possible but totally we are too close to the reversal zone
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