BTCUSD 6H Chart, Falling Wedges spotted, am still bullish.
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back in support area, waiting for break out. my count was slightly off, thought the big pump is gonna happened yesterday. but it wasnt, instead it goes sideway with few correction to liquidated long. tmr is last day cme trade, im exciting how is btc gonna play out.
i am still bullish.
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anyway, btc needs to break 6900 in order to shake off bear.
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btc broke down the wedge, seems like its gonna retest the support one more time. in my opinion, we are safe if it holds above 57, otherwise there will be panic sells all the way to 51xx. it is last day of cme trade. i still think this is the last dip.
still bullish with some sweat on my forehead.
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BTC is showing good signs.
we have 2 confirmation for it to go up.
6H, we have inside bar, and the third bar break up nicely.
1D, we closed in green, and that one is a perfect bullish engulfing.
but in order to reversal, we need to close candle above 6900. damn i miss 1000$ green bar.
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and trend line is not broken yet. but im optimist it will happen soon.
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trendline is broke.
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in 1D chart, the candle closed as an inside bar.
we should see BTC movement in coming 2 days. for the moment it will move up and down between 6200-6540. if it able to close 6440, we will continue the journey to the hill, and if it close below 6322, we might test the support at 6100.