Bitcoin and green November? BINANCE:BTCUSDT
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Bitcoin made retested downtrend line on D1. According to my "Take profit" indicator we bounced at real value price in June. Usually when we touch this line we going to test take profit line on D1 timeframe. Marked this zone on a chart. Also my indicator "Direction" showed signal to buy, so now im waiting Bitcoin around 25-29K in this range and signals to take profit on this both indicators and others.
Possible Targets
➡️After retest trend line and fundamental value line - 25000 - 29000
➡️When we touch take profit line in this ill looking to open local short
➡️Watching on FOMC rate at the beginning November and continuation local uptrend.
In December Ill expect test 20K again
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Btcperpanaliz
BTCUSDSometimes patterns change meanings and sometimes they have different meanings in different places. In my opinion, the triangle is a run button to continue the process. If it is formed in an ascending trend, it will continue the trend from all sides after the defeat, and in the same way if it is formed in a descending trend.
On the other hand, you should pay attention to why whales are still watching the market and have not yet entered the market ?!
Do not forget that this market is unpredictable and sometimes we have to wait for valid confirmations to continue the trends.
Good luck and be profitable friends.