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Bitcoin
Long

Bitcoin breaking out above resistance.

By cybernetwork
Updated
Continued analysis from:
BTC:USD - Inverse head and shoulder


Bearish ichicloud that had been acting as resistance have now turned bullish.
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Note:[\b] Invalidated if BTC falls back below the yellow resistance turned support and gets confirmation of rejection on the 1hrly over a few candles.
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Above shows the CYBER ENSEMBLE signals on the daily chart.

Here below shows the PRISM Oscillators on the 3 hrly, showing bullish divergences having appeared.
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Rejected by the bearish ichicloud on the 3 hrly but still supported above the yellow dotted resistance-turned-support line. Need to wait for the Ichicloud to start flipping bullish on the 3hrly and then also higher timeframes, before chance to go higher becomes likely.
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Again, bearish if BTC goes back below the yellow dotted line and gets rejected by it; and price will likely fall into the 8k range first, before falling further down into the 7k or upper 6k levels.
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Bearish ichicloud thinned off on the 3 hrly..
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accelerationcyberensembleInverse Head and ShouldersjerkMomentum OscillatorsmomentumstrategyMoving AveragesOscillatorsprismsnapSupport and Resistance

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