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#BTC/USDT ANALYSIS
BTC is moving in a descending triangle. It is holding above the horizontal support with a low volume. A good volume volume bounce and breakout of the descending triangle is the bullish confirmation, while a sustained breakdown of the triangle is the bearish confirmation.
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# Despite the fact that Bitcoin is dumping this week, Ethereum is staying relatively strong on the $3000 support! 🔥❇️❇️
The same can be said about some (many) altcoins (not memes of course).
The falling wedge pattern remains relevant.
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#TOTAL MARKET CAP ANALYSIS
The total market cap has broken out of the falling wedge and is retesting above it. The Ichimoku cloud is acting as resistance.
A successful retest or a solid break above the Ichimokuy cloud would be the bullish confirmation. If the price retraces inside the falling wedge, we might expect further movement within the wedge.
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#BTC/USDT ANALYSIS
BTC has broken out of the descending triangle and is currently retesting above it. A successful retest would confirm bullish momentum, while a failed retest would indicate a potential correction in the market.
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#BTC UPDATE
The price broke through the strong descending trend line and now taking hold above it.
It is definitely bullish. However, I wouldn't recommend to go ALL IN at the current price. I've waited for a dump to $64k to publish this update.
We can see a wave downward to the $63,000 support level (and even a small fake breakdown of this level). The best option for now is to place a ladder of buy orders in the $62,500 - $64,000 range.
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You can follow our transactions to copy them. We have opened a separate account for you as BINANCE COPY.
https://www.binance.com/en/copy-trading/lead-details?portfolioId=3906211861397286656
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#Bitcoin is perfectly follow our path. It has left the deviation zone and ready for a new wave of growing.
A detailed Bitcoin update will be published a bit later today.
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➡️ #ETH Next Target : 4590$
Zone Long:
1) 3023$
2) 3000$
Target :
1) 3823$
2) 4222$
3) 4500$
ST : 2600$