Weekly candle opened above support - We are going UP
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Slight re-scale
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BTC and pretty much everything else opened above support, we have a green week in front of us - Here is where we are in relation to the major downtrend and long term support - When a price breaks a downtrend the candles then have to slide down the top of the downtrend to rejoin the uptrend - I'm thinking we will break the downtrend, see 12k then back down to 10.3k area to rejoin the channel up
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Sat on the local range 61.80% fib - May bounce a little here but could well go to $9k again - The candles need to stay above the Blue 1x1 gann fib or Btc will drop further than that
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Up we go - The candle opened outside the arc pair - The ultimate ceiling is the underside of the blue 1x1 Gann fib ray