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Alpha_54321
Mar 31, 2024 12:59 AM

BTCUSDT POSSIBLE PULLABACK Short

Bitcoin / TetherUSBinance

Description

BTCUSDT possible pullback . Currently the price formed multiple daily inside candles and traded sideways .

Short or a deep pullback is possible only If price break down the the low (683590) and close below the trendline and POC .RSI must be below its red MA and 50 level.

if the price breaks the high (71769 ) the trend has more probability to continue up and make a new higher high . RSI must be above 50 and red MA. the trendline will act a strong support for future price movement .

Good LUck

Comment

Possible trendline retest
Comments
Alpha_54321
Agree but it’s still possible and can be achieved. Long red body candles can go 2k a time. Thanks for feedback
Leo-btm
possible scenario, but the halving is close by
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