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Bitcoin / TetherUS
Long

BTC / 1H / 3 October

By zolfeyar
Updated
I see a parallel channel in the time frame of 1 hour and 4 hours. The floor and ceiling of the channel are compatible with other technical analysis such as the trend line. Bitcoin will probably touch 27200 and then 29000 this week
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This analysis is still moving in the direction of our chart prediction
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Corrective target was achieved. Now it remains to go up and reach the upward target
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The EMA indicator shows that Bitcoin has broken the 20-day and 50-day resistance and is facing the 100-day and 200-day resistance to shed. If the news of the war does not stop, Bitcoin will start its ascent
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After the news of the war, Bitcoin has shown that it does not want to rise. A head and shoulders pattern also seems to be forming and contrary to my previous thoughts, Bitcoin will experience a fall to around $24,000.
Technical IndicatorsParallel Channel
zolfeyar

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