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BTC March 29, 2024: Bullish Pattern Continues to Form
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I have written many ideas about BTCUSD bullish patterns recently, you can see the related ideas section for more details.
The reason why I am looking for bullish patterns isBTCUSD is in an uptrend on longer timeframes than the timeframes I am trading (1D). Therefore even if I sell, it is because I am closing a previous long position, not because I am shorting.
On March 29, 2024, on the 4h timeframe, at 1:50 AM UTC,BTCUSD is forming a small consolidation here as shown in the chart. A breakout of this resistance would provide an appropriate buy point.
BTCUSD bullish patterns recently, you can see the related ideas section for more details.The reason why I am looking for bullish patterns is
BTCUSD is in an uptrend on longer timeframes than the timeframes I am trading (1D). Therefore even if I sell, it is because I am closing a previous long position, not because I am shorting.On March 29, 2024, on the 4h timeframe, at 1:50 AM UTC,
BTCUSD is forming a small consolidation here as shown in the chart. A breakout of this resistance would provide an appropriate buy point.Đã hủy lệnh
On April 2, 2024, the downward move below the consolidation zone invalidated the expected breakout pattern to the upside.
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