Bitcoin 1hr Update, Retrace To Continue Higher

Bitcoin from the 1hr pov will drop to the area between $78850 - $77555 to then bounce and continue higher but just to test the $82865 Res line, and as long as the Daily is in extended Bearish mode every bounce will be short lived to then continue lower until the Daily exits the Bearish mode.

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Here is where the 2nd stage of the 1hr tf move starts to give continuation to the UP side with target on the -$85k area and once it gets there we'll take another look to see how it is evolving. There is plenty of TIME for the target to be reached.

Note

Bitcoin Update: As of now Bitcoin is entering the last stage of the 1hr UP move with targets at $77925 and max at $79565 after which it will enter in a sideways move or drop for the next 60 to 72 1hr candles unless wild volatility returns. As of now looks like the Area of $74k to $80k will be the price range for the next sideways move. Once that period of TIME is up we'll see how it evolved to set the next projection. Buckle up ladies and gentlemen .

Note

Nice, That's what I wanted to see, Volume, Price, bottom rejection and strong spike to show us that the Daily is finally joining the party.

Numberfive

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Numberfive