Bitcoin/ BTCUSD is on a 2-day bullish streak, filling the gap from the Feb 9th fall.
The pattern is a mirror image of the February - May 2019 Rise pattern. Starting with an Accumulation Phase, then rallying strongly on Phase 1, paused for Consolidation over a Rising Support and off to Phase 2 for the next rally.
Trading Plan:
1. Buy on the spot.
Targets:
1. 32000 (little under the 2.0 Fibonacci extension).
Tips:
1. A Golden Cross had short term the opposite effect, pulling the price downwards.
2. The rebound that started Phase 2 of the rally happened when the 1day RSI crossed over its MA.
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The pattern is a mirror image of the February - May 2019 Rise pattern. Starting with an Accumulation Phase, then rallying strongly on Phase 1, paused for Consolidation over a Rising Support and off to Phase 2 for the next rally.
Trading Plan:
1. Buy on the spot.
Targets:
1. 32000 (little under the 2.0 Fibonacci extension).
Tips:
1. A Golden Cross had short term the opposite effect, pulling the price downwards.
2. The rebound that started Phase 2 of the rally happened when the 1day RSI crossed over its MA.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.