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We just draw support line to match out idea
Are you ready for hope?
Maybe this is one ugly chart drawing , but facts stays as facts .
Double bottom and strong pull to the up.
Hi, BSV failed to brakeout , revisit of tendline support is necessary . Buy ze dip. 115$- 130$ . thank you.
As described in the chart. Note- if candle closes as dragonfly doji as a "T" form, well . it could be a buy signal.
If we hold 190$ , we test to the upside.
We should see last push to the upside ,as BTC should do a fake breakout to the 8000$- 8200$ area. After that. retrace to 50$-80$ area .
BTC must complete at least the second testing of the support . We can see BTC tested the downtrend line at least two times before the next move up. Lets see if patience is the answer.
As we can be witness, we had only one touch to the 80$-100$ area ,that lasted for 1 week aprox. and that is not enough , We need one more leg down to complete the retracement , as the same pattern of touching twice the support level during retracement happens time after time. Let's see what happens , absolutely not a trading advice , only a thought . have a nice day.