POLL - Do you Want more Technical and Sentiment Analysis ? A) Yes B) No C) What is that? D) Dogecoin
Since the last 'Big TA Update', BTC followed the Full Model Then came the Second Update - 12nd link
Went from u$ 51 to test the blue line at 64 (green model), then went down to the u$ 59.7k (Orange model) and even made the Wick to test around 58.2 , where the Red Magnet was, and made the leg and rejected the Red Model.
So what now?
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We saw that the Sentiment Analysis works AND the Models worked as a Charm, as well as our reading yesterday.
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If you recall, the Green Magnet (target) is Above U$ 66.6k, Meaning we are eligible for a next upwards move.
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The models can repeat themselves But as we went all the way to low Target, the upper Targets are opened.
Lets get Practical:
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Today's candle can have a retraction before going up Watch out for Minor waves to U$ 60.6k (Orange Magnet) can be a low point (with a fast wick)
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61.5k is a support that should hold on Daily closings
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Green Model can repeat itself But needs to Hold U$ 62.5k after the breakout And it can be aggressive.
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The lower retraction with 61.5k daily closing or even 62.5k tested from Above will be bullish.
Advice:
Sentiment Analysis, such as yesterday's, can change every 4hours and can be still for 3-6 days, so don't forget that when reading one of those PLEASE.
Keep safe!
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