BTC Weekly chart is good for hopium. Golden ratio, 55 EMA acting as dynamic support, we are only retesting the previously broken trendline. Fit the bull scenario for that incoming bounce. Unless it break and try to go reach the next Fibo level!! It is only the 3rd attempt from the bears, bulls did break that trendline on their 3rd attempt. What's the saying, 3rd time is a charm? Only time will tell.Trade safe!!
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Trendline hold successfully as a support. This weekly candle might not look much to you but it is a good sign of a (start) bullish reversal. More volume would be good of course, as well as the RSI over the 50 line. Overall market sentiment (Twitter, Telegram,Discord, Trading View etc...) seem to be bullish. Check my short/mid term analysis if you want target 2-3 and 4. Trade Safe!!
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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.