Market manipulation or still in up trend? (1hr chart)
BTC was expected to correct from the 53K region instead made a huge breakout to 57K. Whales manipulating the market or heading for 60K?
Looking at chart structure looks like bullish rectangle continuation pattern setup. Will wait for a retrace to 0.382 fib and take a long position from 53K . TP ? 58K.
Looking at chart structure looks like bullish rectangle continuation pattern setup. Will wait for a retrace to 0.382 fib and take a long position from 53K . TP ? 58K.
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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.