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The trend is your friend. The trend is up.
It's obvious now that BTC has ran out of selling pressure and geared up for another run up.
IMO,BTC is set to accelerate straight up to the .5 Fib at ~46.8K.
I think we'll range for a good while between 47K-57K. Any sort of a rising wedge forming in this range could lead to an explosive move to test the ATH. But we could also see a HTF 'bull flag' that would be interpreted by many as an inability to attack a new ATH- a shakeout attempt.
Regardless, the trend is up again.
BTC has ran out of selling pressure and geared up for another run up.IMO,
BTC is set to accelerate straight up to the .5 Fib at ~46.8K.I think we'll range for a good while between 47K-57K. Any sort of a rising wedge forming in this range could lead to an explosive move to test the ATH. But we could also see a HTF 'bull flag' that would be interpreted by many as an inability to attack a new ATH- a shakeout attempt.
Regardless, the trend is up again.
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