Potential LONG BTCUSD 1D
Updated
Although BTCUSDT has formed a resistance at FIB 0, the trending channel seems to be bullish further, liquidating shorts at $50,450.
Daily chart shows BTC is creating support over the MA200 Line, resulting in a Golden cross within the next few days.
Breakout over $50,450 could drive the price up towards 1.68 Fib Level ($63,615).
However, I expect a short term drop as a result of Shorts Liquidation at $50,450 | 0 FiB retracement, towards $46,150, testing the MA200.
Daily chart shows BTC is creating support over the MA200 Line, resulting in a Golden cross within the next few days.
Breakout over $50,450 could drive the price up towards 1.68 Fib Level ($63,615).
However, I expect a short term drop as a result of Shorts Liquidation at $50,450 | 0 FiB retracement, towards $46,150, testing the MA200.
Trade active
Shorts liquidated at $ 50,450, heading to higher zones.Trade active
Shorts liquidated, price should build up from here
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