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So without further due. Keep it short/simple and to the point.
BTCUSD best level to buy 30%/40% gains (NEW) IMPORTANT: this is a speculative setup, performance is not guaranteed, so please use a tight stop loss. tagged as SHORT cause I expect losses before reversal.
Ok guys so what we got on 1hour chart is price came off a strong based previously, we had nice accumulation, currently seems like re-accumulation in progress. Having said that, 7100-7200 very strong overhead resistance, so don't expect it to crack, at least it won't give up initially.
A few options for daytraders / position traders now
1)short-term risky buy near 5900 USD TP 7100/7200USD 2)short from 7100-7200 resistance / wait for rejection TP bears is VPVR POC 5350 final TP 5000 USD 3)bulls should look to accumulate / buy for a nice swing higher later. best level to buy is 4800/5000, however can't guarantee that price will re-test recent lows, might bounce at VPVR POC at 5350 USD.
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