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Could Support @ $65K be New Low? - Bitcoin

122
Here I have Bitcoin on the 4 Hr Chart!

In the Overall Daily Chart, price on Bitcoin looks to be Consolidated!

But scoping down to the 4 Hr, we see Price has been using this Support Zone @ $64,500 - $65,500

- Feeding the Bullish Bias is purely boiled down to Technical Analysis being the:
- Tweezer Bottom
&
- Bullish Engulfing Candlestick Pattern forming ..
@ an interesting level of SUPPORT!!

Note
snapshot

In the bigger picture of things, if we are to expect this to be a good area for Price to move Higher, we want to see a Large Daily Bullish Candle to give us either a "Bullish Engulfing" or if price decides to Consolidate for a day, a "Morning Star/Morning Doji Star" Candlestick Pattern to CONFIRM BULLISHNESS!!
Novi_Fibonacci
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"An investment in knowledge will pay the best interest." - B. Franklin

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Bitcoin (Cryptocurrency)Candlestick AnalysisCryptocurrencypatternsSupport and ResistanceTechnical Analysis

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Bitcoin (Cryptocurrency)Candlestick AnalysisCryptocurrencypatternsSupport and ResistanceTechnical Analysis
Novi_Fibonacci
Mod
"An investment in knowledge will pay the best interest." - B. Franklin

Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Aussi sur:

Publications connexes

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.