I realized recently that we are trading in a uptrend channel in the last four days. The lower line of the channel seems to be very good support, since this gave us good support at the 19th and 22th (neglecting the overreactions) and also already holded two times. Additionally, we currently trading above support region defined by maximum trading volume in the last tens days (green box). In principle I expect a rebound at 38000. But if the BTC falls below 37.500, then there should be nice short situation coming out of head and shoulder pattern and the width of the channel. Technical price target would be around 34000. Nice 10%. The next hours will be importent: Either bounce or dump.
At the level of 34000, it could get intresting. It will show out, whether our old resistance line can give us support or not.
Trade active
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This was a fast run though the support box. My technical price target 34000.
Trade closed manually
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Break-out found support at 35000, which gave already support at the 20th and 24th. The 35000 where also resistance during up-trend on the 24th