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$BTC Short Term View: BULLISH
β We've hit my 1st target and almost hit the 2nd target as well
β ABC correction could be finished and possible start of a new uptrend
β Would need to see more volume to confirm a new uptrend. If so then I would assume that target 3 and 4 is next
$BTC UPDATE - Short Term View: BEARISH
β Forming a possible bear pennant pattern.
β We've hit my 1st target and looking to hit the next if this pattern plays out.
β Target 1 is 0.618 fib and target 2 is 0.86 fib
$BTC - Short Term View: NEUTRAL
β Price bounced after completing the wedge like I explained in my previous update.
β We've finished 5 impulse waves and now forming a downward pointing wedge that is about to complete.
β Expecting another price jump again if RSI holds.
$BTC UPDATE: Mid term view: NEUTRAL
β A reversal or bounce could be coming soon.
β Possible ending 5th wave diagonal.
β Bullish divergence on RSI vs price.
β RSI needs to hold it's support line at the yellow box
#bitcoin#btcusd#btc
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$BTC $LTC $ETH $ZRX $TRX $EOS $XVG $XRP
I don't post buy recommendations very often but when I do, they're solid. Here are two trade setups I posted a month ago. Profit so far:
$BAT +93%
$ZRX + 54%
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$BTC UPDATE: Short Term View: NEUTRAL
β Low volume and sideways market for a couple days
β Will need to break RSI resistance to reach higher highs.
β Could continue ranging between 6800 and 6000 for a while
What do you think? Bullish or bearish?