On Balance Volume looking healthy, but price action needs to confirm completion of accumulation with a break above the middle of the Donchian channel. Keep this time frame in mind! 1W candles are better for long term investors looking for entries than day trades.
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at the middle channel cross today! holding this level and a retest in the coming weeks would suggest a few touches of the top of the channel, currently ~11K. failing to cross the midline likely means another touch of the bottom channel, around ~6.5K. GL
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firmly crossing the middle of the channel, looking for a touch around ~$10,750 and a push up to $12K-$14K range.
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The trade has worked great, I am considering adding here on the dip below $10K, and will definitely setup an order to buy at ~$10,000 - $10,100 if BTC rebounds. To me this looks like a buyable dip.
Long $BTC.
Long $BTC.