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Bitcoin
Long

$$$ BTCUSD MACRO-BULLISH $$$ 1W CHART $$$

79
BTCUSD 1W Chart

There are many reasons to look at this weekly chart and see that there's absolutely no reason to be bearish on Bitcoin yet.

  1. Holding strong r/s flip support.
  2. Holding regression trend.
  3. Holding parabolic trend.
  4. Stoch RSI at the bottom.
  5. Weekly bullish divergence.


Assuming this plays out in a way that's similar to the last local bottom, the current target is around $134k-$135k.

It would take a lot to invalidate all of these bullish indicators, but if that does somehow happen, with a CLOSE of the weekly candle that invalidated these, then It's pretty much definitely over for a loooong time.

NFA blah blah blah..
DoozerInvest
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bitcoinlongbitcoinlongtermanalysisbitcoinpredictionbtctechnicalanalysisbtcupdateBTCUSDbtcusdanalysisbtcusdbuyBTCUSD-TRADETechnical IndicatorsOscillatorsTrend Analysis
DoozerInvest
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.