Bitcoin is uptrending very gradually, in a bull channel pattern. The Kovach OBV is flat, confirming the relative ranging. This suggests that BTC will break down giving us an opportunity to enter at better prices. We are just shy of $50K, which could easily be hit this week. If we breakdown, we should find support at $45.6K, but watch out, because there is a vacuum zone down to $41.9K.
Trade closed: target reached
Target reached!! $50K Bitcoin!! What did I tell you guys??
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Join my discord at discord.io/quantguy
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.