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BTC/USD Forecast: long
Here is an analysis on BTC/USD
RECAP: (Previous Analysis)
In our previous analysis BTC/USD was trading at $56,830
We were bullish on the pair and expected it to test resistance @ $58,000
However the pair was limited to $57,200 before falling to lows of $51,000
Triggering our Sell Stop @ $55,000 & Hitting our TP @ $53,000
WHAT TO EXPECT:
Currently @ $52,700
We expect the pair to break above current support/resistance @ $53,000 & test/attempt to break resistance @ $58,000
Failure to break above current resistance might send the pair to lows of $49,000-$47,000
Bullish Harmonic on the 1H chart
OUR POSITIONS:
Buy Stop @: $55,000
Buy Stop TP @: $57,000
Sell Stop @: $51,000
Sell Stop TP@: $49,000
link to previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
RECAP: (Previous Analysis)
In our previous analysis BTC/USD was trading at $56,830
We were bullish on the pair and expected it to test resistance @ $58,000
However the pair was limited to $57,200 before falling to lows of $51,000
Triggering our Sell Stop @ $55,000 & Hitting our TP @ $53,000
WHAT TO EXPECT:
Currently @ $52,700
We expect the pair to break above current support/resistance @ $53,000 & test/attempt to break resistance @ $58,000
Failure to break above current resistance might send the pair to lows of $49,000-$47,000
Bullish Harmonic on the 1H chart
OUR POSITIONS:
Buy Stop @: $55,000
Buy Stop TP @: $57,000
Sell Stop @: $51,000
Sell Stop TP@: $49,000
link to previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
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