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BITCOIN 7% jump was expected from 19000.00 level

BTCUSD
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⏳1Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational

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Detailed analysis 💬

1️⃣ 20000.00 Acted as strong resistance-Key psychological level
2️⃣ Rising parallel channel pattern
3️⃣ positive risk sentiment, Vaccine news
4️⃣ 19000.00 Dynamic support and resistance
5️⃣ Strong demand for crypto's (Ripple,Tether,Etherium etc.,)
6️⃣ 50% Fibonacci around 18700.00
7️⃣ Technical support - short term bearish
8️⃣ 0.50000 will acted as key reversal-Bullish
9️⃣ All time high-Immediate resistance-Alternative bearish entry
🔟 Series of parabolic moves
#️⃣ Overall trend- bullish

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📉 Technical bias-H4-Bearish

Price is below 50,100,200 Exponential moving average
50&200 50&100 Exponential moving average golden cross
Ichimoku cloud -cloud is still green-Middle line supports bullish trend
Bollinger band- Price reached around the lower band-Short term bullish correction towards middle band was expected
Relative strength index - Reached around 50 - Dynamic support
MACD -Turned red and felled below the signal line, Oscillators pointing downward
Stochastic - Reached around 30- oversold condition will give a short term pull back expected

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Key reversal area's

19000.00 psychological level
19200.00 Point of control area Volume analysis
19900.00 All time high
18700.00 50% Fibonacci retracement level
20000.00 Major resistance level
19900.00 Possible entry- Bear
17700.00 Reversal area/Bullish engulfing

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Bearish entry #bitcoin #btcusd

Entry price - 19000.00

Take profit 01 - 19800.00
Take profit 02 - 20400.00

🚫 Stop lose 18720.00

⬇️ 7.37% Drop expected
⤴️ Account growth 1.47: 7.37
✅ Risk reward ratio 1 : 5

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