BitcoinUpdated BTC North
Weekly candle opened above support - We are going UP
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Slight re-scale Note
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BTC and pretty much everything else opened above support, we have a green week in front of us - Here is where we are in relation to the major downtrend and long term support - When a price breaks a downtrend the candles then have to slide down the top of the downtrend to rejoin the uptrend - I'm thinking we will break the downtrend, see 12k then back down to 10.3k area to rejoin the channel up Note
Sat on the local range 61.80% fib - May bounce a little here but could well go to 9k again - The candles need to stay above the Blue 1x1 gann fib or Btc will drop further than that Note
Up we go - The candle opened outside the arc pair - The ultimate ceiling is the underside of the blue 1x1 Gann fib ray
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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.