BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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As I can see Bitcoin , in more perspective. All informations are mentioned in TA.

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Comment: BTC will go above $3740 before any significant pullback happend.
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Comment: BTC had another breaking up green candle and was stopped by the top line of the Triangle. If BTC manage successfully triangle breakout, then next target will be $4250. On the other hand dropdown to $3500-$3400 will happen.
Comment: The most of lower TFs look pretty good - bullish. So, that is the main reason why I want to take a look at higher TF, at 1W:
a) Volume profile has been decreasing for last weeks. But the price is increasing. Usually it is bearish sign.
b) RSI-Stoch is heading to "30 level". So, currently it is neutral signal.
c) Just MACD indicates potential upward trend continuation.

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Comment: The Triangle pattern breakout is expected in next week.
Comment: Long term resistance broken. Profit target at around $5800.
Comment: I doubt the Bitcoin manage $6300 during this upward trend. $5800-$6000 seems to be more reliable.
Trade closed: target reached
BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture.
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@Boon2, Thx for sharing!
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