Long

BTC

Updated

Bitcoin is a digital currency that can be used instead of fiat currencies or physical cash. It uses a blockchain to secure transaction information out of the reach of centralized third parties who traditionally facilitate and regulate transactions.

Trade active

There is 0 hints that btc will drop to Major sl,, I am almost certain that it will not happen.
btc may not drop below 94k again but with leveraged trading the liquidation could be 85k if you risk more.

btc and eth are the best hold style coins and I plan to hold them until extreme blood. all other altcoins are short term trades, that is my personal.

there is no longer any question here whether it will fall or rise. I am just trying to understand the price pattern on the small chart above 85k+.

Trade closed: target reached

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in addition to 2020 nov/dec, 2023 nov/dec also have a surprising similarity in 1d chart indicators.
Both times a Buy signal was given, where the rsi fell but btc managed to rise higher.
their positions are different in the market cycle and the rsi similarity can change, the similarity may only be today or in the near future

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will it cool down in the next few days? possible but let's see.
good opportunity if cooling is the truth.

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falls into the green box? potential entry opportunity if this happens.

If it can hold and the red candles come hard, the situation can be different.

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if btc doesn't fall below the orange line and can hold, it will go straight to 120k.

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BTC has been producing a bigger +% in the last few days, better than some altcoins. Right now it is hopeful that it will head straight to 120k+

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I'm not saying it will happen, but if btc drops to 103k, there could be more delay.
The market can do anything, you have to take everything into account just in case

MoralDisciple

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