Hello everyone, JT here for your crypto analysis.*(I am not a financial advisor do not buy/sell based on my analysis). It seems BTC bounced off my inner channel successfully strengthening the idea BTC already bottomed out. It seems it has also found support on the 2.16 FIB. Now this does not mean it's only up from here, my approach is always weighing possibilities. It seems that the possibility that we continue up is now stronger than the idea that it will go down in my humble opinion. If it does make a leg down we could see support around 38-39k and I would assume it wouldn't be there for very long. If BTC gaps down into my secondary deviation channel I would still consider it as a great buying opportunity because the macro trend is still very bullish. Buying now would be the conservative approach (for all month long swing traders). I do not hold any BTC but it is very important to understand it's direction considering it leads the market.
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