BITCOIN 4H LONG

Hello Traders,
Here we have a long bias on Bitcoin which has been reaching new lows. Personally, I find this approaching an ever CHEAPER price to buy in and hold for the upside. With the ending diagonal pattern and divergence showing the weaker momentum to the downside, I am personally viewing this as a good opportunity to buy. The consolidating behavior that we have towards the low shows us the presence of lots of transactions occurring which I believe may be a sign of smart investors accumulating their share of BTC. Furthermore, we have a visible ABC Regular flat correction that signals upside. Lastly the Fibonacci has hit the 786 retracement which is usually a strong area for reversal providing a good rr for our setup.
Trade with care!

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