If BTC floats above the supply zone above 2,600 without going down, then you have a good confirmation for a buy!
Look for huge and accumulating volumes too
Look for huge and accumulating volumes too
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Bitcoin could rest for a bit and continue its move up
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stay above that red line to get to the supply zone near 2600
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next stop: 2515
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look at the price action and see whether the move is going up or down
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new higher low forming, that is if it doesn't go any lower.
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lower high confirmed. now, move up!
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*lower low, not lower high
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higher low. another correction. peace
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ding ding ding. we hit supply zone. be cautious here as this could be a zone for taking profits or a zone to move into higher highs
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retrace, restock then relaunch
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going up to the supply zone again
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just hit the right spot
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now a little more
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Boom! Target reached!
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Bitcoin needs to stay afloat from the downtrend line and we will be out of this mess
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My thoughts were right. Kudos to Bitcoin!