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Hi friends hope you are well, and welcome to the new update on Bitcoin.
Recently on a 4-hr time frame, Bitcoin had broken out a descending triangle and on an hourly time frame, an ascending triangle was also broken out. On a weekly time frame, Bitcoin is still moving above the support of $28600 and also at the support of a falling wedge pattern. Now BTC has been rejected by $31700, which is a short-term resistance and dropped at the short-term support of $29300. But we need to keep an eye on a long-term key resistance of $33K, then there can be some price stability in Bitcoin. For more details, you can watch the video.
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You can also support my work at Patreon for more ideas:
https://www.patreon.com/moon333
To check the Patreon trade success testimony, you can watch this pinned post:
https://www.patreon.com/posts/63774800
In order to play and watch the current performance of the chart you need at least a free account on tradingview:
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Link for Binance exchange, to trade crypto:
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Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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