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Pricecompression

Bitcoin price compressionHi Guys. Im in 1H timeframe and i think BTC price compressed between two line i drawn on my chart. Also we can see a weak Divergence between RSI and Price action too. This will lead the price to the lower line and despite there is a strong support line there , in 24000 the price will bouce back and go approch upper line. So we can take 2 trades here: 1- Now with SL upper than latest minor peak 2- after reaching lower line and the bounce verified. The price action around 24000 was very strong because you see two long shadowed candle in this area historically. After this price compression ends , we shuold analysis again to see what will happen. But in some extent , I think we break this Triangle upward and go toward 26000 target. Hope you enjoy , thats just my idea NOT a trading Advice. Trade on your own strategy but take ideas from others. THANK YOU ALL
by TraderAmin-KZ
2
BTC might see 50k levels in near futureI know it's been pretty dull for BTC lately but I see possibility of 50k levels to come soon, confirmation of strong bull trend will be when bottom indicator moves above 0 or yellow line. One reason for above observation is that lately price action has been compressed and I feel its an indication of big player interest area, do not be surprised if current levels are avg price for the most big players when the price ends up really going to 50k I can't speak on time required for this but I estimate at least 4-5 months.
COINBASE:BTCUSDLong
by Pratik_4Clover