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BTC: Part 2 Discussion of Current Price Action

BITSTAMP:BTCUSD   Bitcoin
Hi Everyone! This is simply continuing the conversation on current price action to point out our price action has potential to continue going higher than recent highs. For now, we can only say we have potential to continue up to the Yellow B-Band Basis in the 19-Day, 20-Day and 3-Week time frames. This is a price range of $25,200 to $26,300. I'm not prepared to say we have increased odds of going higher than that price range yet. Why? Because I want to see the Red Line in the 19-Day, 20-Day and 3-Week rise above level 50 in order to justify the price action having increased odds of rising up from the yellow b-band basis to an even higher price than $26,300. Let's not try to cross that bridge until we get to that bridge first. We have another 15-Days and 15-hours before we approach that bridge in order to begin discussing where we could potentially go up to if the potential is there to continue rising 15 -Days and 15-hours from now.

I hope this was helpful. I'll plan on providing an update for Cardano (ADAUSDT) after I've had some sleep.

Happy trading and Stay Awesome!

David

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