BillCharison

$BTC Is Going to MOVE UPWARD!

Long
COINBASE:BTCUSD   Bitcoin
The previous analysis has worked out, despite we didn't hold any position. The price reached $9600 mark. Then, $BTC started growing upward and do it that hard, that absorbed the whole downward movement and breakout of the upward triangle's border.

Now the price is re-testing the support level (previous resistance). In case the price would like to correct for a little bit lower, there is located the support $10060 (triangle bottom) which should keep one above. Therefore, we have two support levels from where the price, more likely, will continue moving upward. Targets for this upward movement are mentioned on the chart. If we see that both supports are broken - it would mean that it is better to close the LONG position and take another look at the market.

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