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As stated on a previous Idea, BTC/ USDT is trading on a Modified Schiff Pitchfork since 2020.
BTC/ USDT is currently trading inside an ascending channel (White). The Upper Channel Line is the multi month trendline (Bold Yellow) that we broke in January.
If we reclaim the 0.236 Fibo and the level 1.5 (Purple Trend) of the Modified Schiff Pitchfork as support,...
LINK is retesting his falling wedge, our TP is at $20.70 because we have a strong overlap here (Red box), we could expect more upside (maybe $28), but the cryptocurrency market is still in uncertain times.
My opinion: Buy (Instant Execution)
Entry price: $14.80
Analysis of #BTCUSD
BTCUSD seems to evolve on a Modified Schiff Pitchfork since 2020.
Since early 2022, BTCUSD has broken a multi month trendline (Yellow), and it evolve between the level 1 (Blue) and the level 1.5 (Purple) of this Modified Schiff Pitchfork.
Few days ago (04/29/2022), the BTC tried to reclame the multi month trendline (Yellow) and the 200 SMA...