Again, We are on $10600 level. But this time We are in better condition.
Breakthrough falling wedge pattern -> Breakthrough great bullish flag -> Breakthrough SMA 50 -> neckline from Inverted H&S is coming to break DMI shows great signal for long
This is very low risk trade. Target is 24k, and stop loss lets us to loose just a few %. Enter now or wait for 10100 bargain mode ( or check current update ).
Stop loss: 10000 or below (Check current update).
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Short term analysis
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If the price holds above white local support We will experience next breakout
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For newcomers: Still this is good time to buy 1D time frame 4hr time frame
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Update for 4hr time frame. This is short term view on next movement prediction. I count on 10900 on the dip. But BTC seems accepting some of horizontal supports.
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4hr time frame We are ready to attack last horizontal resistance. After breaking this We should see clear uptrend confirmed with volume.
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Stop loss. BTC shows sign of weakness, breaking support and opening long bear winter. I shall put an idea If this drop convinces me enough.