Btc is at a critical point. A breach of $825 indicates a move to $1000 whereas failure at this area signifies pullback to $600
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Closer View
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Decision time
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$100 until top. Euphoria beginning to kick in.
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Found another trendline
We break this one, $1000, then blowoff to $780
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Looks like the final leg up is beginning. $1010 incoming.
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If the 4H closes like this... don't be long
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Go long again. TP at 915. Relong on clear trendline breach with TP at 1010, otherwise, look to short at 915
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If you aren't already long from the bounce earlier... this is the only way to play this.
If you are long, make sure your stop is in profit and enjoy the risk free trade.
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This could be top according to BTCCNY. If you went long at 915, set stop in profit and be patient. Do not enter long position if you aren't already long.
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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.