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BACK DOWN TO THE RANGE

As I have been explaining in my other idea, main price structure broke down, giving a nice chance to short at 2.7$, so time for the correction of the entire bullish move since september is on the play.

Price is entering at the moment again in the main range, so a visit to the middle range is on the play, and probably to the lower part. I see very few resistace till 2$ to be honest, so it would not surprise me a ride of the lows of the range.

There is a massive resistance in 1W candles at 2.50$, so until we see a candle closing in 1W above that level, bullish continuation is postponet.

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Going nicely

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Already at the midrange, if this area doesn't hold, low range next.

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Reaching main area of intereset in LINKBTC pair, if this area does not hold, there is no support till 24k sats.

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Price reacted well in the area, and bounced to the main resistance. If price is capable of closing and consolidating above the resistance, I would consider that the correction is over (50% retracement in USD pair, and 38.2% in BTC pair, smaller one, but enough to consider a valid correction of the entire trend) and I would be looking to long at any retest of that resistance.

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In any case, there is still a big resistance in 2.50$, so until we see a 1W candle close above that level, I would not consider to be at the start of another rally that will take us to the ATH zone. For now price need to close above the resistance, attack the range, and close above.

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For now still bearish until clear signs.

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Closed above, retested the resistance giving a perfect entrance, and is moving up now, Im long from 2.386$. Will update later this afternoon with a chart.

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Big resistace zone above in USD pair, main bearish channel and range high at 2.5.Lets see if pirce is capable of breaking and closing above.

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Took some profits at 2.48$, highly doubt they will break this resistance at the first touch

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I took a short at 2.46$, stoploss 2.482$.

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Looks like a revisit of the midrange is on the play

In BTC pair this blue zone should hold

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Not much to add to what chart shows, mid range retested during weekend, and break above the resistance ang high range. For now blue area should hold at any retest.

BTC pair lloking too as expected, blue are holded well.

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There is one think that still makes me cautious about this movement, in 1D candles there is not a clear correction pattern of 3 or 5 waves, all sems to be part of the same impulse, so we could be drowing the B now.

But currently there is nothing pointing this will happen, so dont get ahead of the price and wait for clear signs.

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Taking some profits at 2.68$

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Back down to the channel, looks like a retest of the high range is on the play near 2.50$ area.

In btc pair price just get rejected of the channel resistance.

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Missed with the photo order above this, first one is btc pair and second one USD.

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Nothing to complain for now, slow and steady

Did not give a chance to buy near 2.50$, 2.54$ was the lowest it went, wanted to buy another chunk at that area but couldn't. Next objetive 3$

BTC pair currently retesting the broken bullish channel. Next objetive 36.9 sats

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stoped from my position, as I said in my last btc idea, bitcoin looks bearish so I prefer to cut most of my positions in alts, if btc goes down will take all alts with him.

手動結束交易

Stoped yesterday and I will stay out from link for now, not convincent with the current PA, it starting to look like we already drow the B as said, and we will be looking for a C, I will try to update when I see a confirmation,.

註釋

Reaching main bearish resistance (blue box-resistance), if price is capable of closing above, I will buy a retest, if not I will look to short in that area.