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BlackchenOG
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Bitcoin quick chart analysis for my community
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Disclaimer: include opinioni di terze parti. Nessuna consulenza finanziaria. Consulta i T&C.
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$BTC market soon to move 🙏
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Update on TRB
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$BTC Failure to hold the price at 56k will increase the bearish activity further down to 53k-50k. I also noticed a target below on the weekly time frame which makes me decide that this could be our last bullish set up. bulls require to break the 67k resistance to add confirmation to a bullish probability trend. EMA on macro time frame has already formed a death cross. This is a bearish confluence which many traders follow. Candle in the 4hr chart is currently trading below EMA200 which is also a bearish confluence. amidst these bearish signs I will still remain bullish on lower time frame specially on 1hr chart & if this 1hr chart shows good bullish movement this might trigger the bullish pennant on our macro time frame again over all macro is currently forming a bullish pennant which is soon to break out. CPI is soon to announce and market will be very volatile during that duration. I think this will be the time the market will move huge so better be ready and protect your bags as much as you can. remember the mining rate is halved into half and the supply is now lower compared than before
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$BTC extend stoploss if you can. strictly follow stoploss or set stoploss at lowest wick of weekly timeframe failure to hold stoploss may result to a market downfall 50k is the bottom not financial advice 🔥
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for newbies highly suggest avoid trading during CPI volatility is very high during this moment. right after the news market will tend to move back to the trend he started.
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