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Welcome to this quick BTC update. BTC recovers nicely after making a low of $26.9k level. Currently, it is trading around the $29.8k level so what's next?
BTC looks good here. Breaks out in 4hr time frame. Expecting another 10-12% pump from here. Need to hold above the $29.5k level. As long as BTC stays above the upper trendline expect a pump up to the $BER:33K level from here.
Target:- $BER:33K
Invalidation:- If close below the upper trendline.
What do you think about this?
Do you also expect more pump from here or do you think that it is just a bull trap?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this quick BTC update. BTC recovers nicely after making a low of $26.9k level. Currently, it is trading around the $29.8k level so what's next?
BTC looks good here. Breaks out in 4hr time frame. Expecting another 10-12% pump from here. Need to hold above the $29.5k level. As long as BTC stays above the upper trendline expect a pump up to the $BER:33K level from here.
Target:- $BER:33K
Invalidation:- If close below the upper trendline.
What do you think about this?
Do you also expect more pump from here or do you think that it is just a bull trap?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Note
BTC UPDATE:- BTC couldn't hold above the upper trendline and retraced all the way to the
27K level because of that fake news circulating regarding the Mt.Gox and Govt. wallet transactions. The good thing is that BTC still holding the lower trendline support very well. If it tries once again for a breakout and sustains above the upper trendline expect a good pump soon. As of now waiting for a close above the upper trendline for confirmation.
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.
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.