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Long trade opening price points for
$BTC
@ $57,500 and $55,500. target liquidity price to set to $38,000.
Not an advice. Trade at your own risk ⚠️
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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I wish, I accumulated more $BTC at 16k back in 2022. ℹ️ Did you know? Some traders in the crypto space believe in the “lunar effect,” where Bitcoin has shown to perform better during full moon phases. This quirky idea blends astrology with market analysis, leading to fun trading strategies based on the moon cycle!
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In another 3 hours it’s crucial $BTC to break out! ↗️
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Interesting
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$BTC TA based on technical indicators on 1 hr time frame! Bollinger Bands (BOLL): The price is trading above the middle band and within the upper Bollinger Band, suggesting potential overbought conditions and a possibility for a short-term pullback. Moving Averages (MA): The price is above the 7, 25, and 99-period moving averages, indicating a strong uptrend. However, the shorter-term MAs are starting to flatten, which could signal a potential slowdown in momentum. Relative Strength Index (RSI): The RSI is around 80, suggesting overbought conditions and a possible upcoming correction. Stochastic RSI (StochRSI): The StochRSI is also in overbought territory, supporting the potential for a short-term reversal. Moving Average Convergence Divergence (MACD): The MACD histogram is positive but decreasing, indicating that bullish momentum might be weakening. Overall, the technical analysis suggests that while Bitcoin has been in a strong uptrend, there are signs of a potential short-term pullback or consolidation. The overbought conditions indicated by the RSI, StochRSI, and Bollinger Bands, along with the flattening moving averages and decreasing MACD histogram, suggest that the bullish momentum may be slowing down.
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I feel sorry for all who lost on $TAO #TAOTrading learn to use trade strategies as per the market direction Now wait price for consolidation! And follow Not an investment advice Tip: look at other coins to bot trade since it’s cooling off and don’t follow $BTC movement to make your predictions So many Shillers out there, so watch out!
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