Long

$BTCUSD: Update - 2w uptrend confirmed!

Updated

I outline time duration and potential upside for the current trend signal in this chart, I had described this possibility in my previous publication. As a positive, we have pretty pessimistic wall of worry kinda sentiment now, and odds of a rally are big with this timeframe being in control of most of the major swings historically in Bitcoin. Moving below 47k would invalidate this analysis likely.
Let's see how it goes, best of luck!

Cheers,

Ivan Labrie.

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Keeping an eye on this, likely to get a consolidation near the highs, hitting this line we could see a reaction, if not just vertically climbing after Sunday futures open.

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Update

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Now coiling for another move up, big picture trend intact. The launch of the etf has made be more dependent on US market hours activity.

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15m has been very accurate thus far. We can expect intraday volatility to match US market hours from now on imo.

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CME signal here (spot triggered with Sunday's bar) 72615 by Nov 26th

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Uptrend failed, a down trend triggered, expires tomorrow. (not far from the daily close already)
Watch the long term support area right here and a bit lower, buying here is a gift for a long term investor. If you missed or you want to add, it is your chance, ideally sub 55411.72. In a perfect world, we won't let people buy at their limit order levels, obvious technical level people watch is 53k, I rather not see that get hit. Hitting 50500 would make the monthly trend less likely to reach target, and rather anticipate a consolidation for longer before moving higher. Crossing fingers...

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Down trend continues:

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Managed to ride a move in from 4261 to $4590 last 2 weeks, holding cash now and short with 3.5% size. Long was with 100% of crypto account, so it netted a 6.51% USD return, at least.
isn't acting strongly, and broad markets are risky, things look bleak.

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If you follow me on Twitter you've caught a lot of good trades and avoided this decline...
Now looks like things can go towards 21k, if we close under the 2w mode here. Monthly RgExp was wiped out, not a good thing. I think a long term bear market started again.

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On track as per the last bearish update...sadly.

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IvanLabrie

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