Bullish bat ($8700 retest?)

inb4 death cross if we cant pass 10k resist

Note

9700 broken, currently testing 9500. 9200 retest is probable.

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We touched the 8.9k areas, currently holding 9k-9.1k. I see some bullish patterns on low TFs and 1D chart. If no whale dumps here, we may see a new bull run, the FOMO will be real.

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Looks like we didn't break 8.7, we're probably going up now.

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Not breaking the 9.3-9.5 channel will INVALIDATE the bullish gartley and the downtrend will continue (possible 7.7k)

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Not breaking the 9.3 9.5 channel this weekend will invalidate the bullish gartley and the downtrend will continue.

The downtrend will be also powered up by the 66% btc dominance (whales moving to alts), covid, miners abandoning, panic sell, recent failed attempts to break 10k, higher transaction fees, low confirmation rate.

Also all my indicators are giving bearish signals on high timeframes. Watch out 8.7k support.

Breaking 8.7k support will be BAD for BTC as the daily golden cross will be confirmed as fake (not the first time it will happen) and btc will probably fall below 50-200MA (daily chart).

BUT breaking the 9.3 9.5 channel can lead us to breaking 10k tho.

Note

We already tested 8700 with double bottom, started a massive pump recently. Need to break 9k-9.2k then break 9.3-9.5 channel

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Currently at 9500+ seems like we're going higher

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9500 finally broken, currently at 9700. To the moon!

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All targets achieved. Enjoy moon!

Trade closed: target reached

All targets achieved

kyuma

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kyuma