$BTC
Bulls finally made an appearance, sending price back into the range (3470 - 3280)
A break to the upside sets up 3630 as the target.
A break to the downside sets up prev lows as the target.pic.twitter.com/HQRwIh2kp8
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$BTC Update 3 I was out of all my longs yesterday once we hit the target, missed out on todays move. The ponzi flipped the resistance zone as support and commenced another leg up, sweeping the 3840 stops. Looks to me like we'll retrace back to the initial resistance zone.pic.twitter.com/3jIWl1kWkV
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$BTC Update 4 Retrace complete
Expecting a DCB here. If this zone caves, eyeing 3530 for support.
Closing this thread, update on daily close.pic.twitter.com/0RwZZHPNgb
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So
$BTC needs to break $3.6k for more bullish action?Thanks. Twitter will use this to make your timeline better. UndoUndo
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You could use it, but always look left to see if the candle is a reaction to an already established supply/demand zone or a fresh zone. Also, look at the difference in the momentum of the down moves from the marked candle (strong move) and from the shooting star (slower push)
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Doesn’t seem like retest will hold to me - thoughts? Volume lower and RSI/Stoch in oversold territory on 4hr
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