COINBASE: BTCUSD near term bull case
1. Continuation Bull flag formed
2. 30% correction done
3. 50 MA acting as support
4. Confluence of Fib 100% extension with
round emotional number 50K/BTC
2. 30% correction done
3. 50 MA acting as support
4. Confluence of Fib 100% extension with
round emotional number 50K/BTC
Note
The end of month is near and the price at the end could be:- below 33 300 $ -> shooting star -> reversal of the bull trend
- between 33300-35500$ -> neutral/consolidation
- above 35 500 $ -> bullish monthly candle -> continuation
Note
Target hit. Closing
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