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Dec 1, 2022 9:17 AM

BTCUSD Potential for Bullish Rise | 1st December 2022 Long

Bitcoin / U.S. dollarBitstamp

Description

Looking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for an immediate buy entry at 17246.66, slightly above where the 23.6% Fibonacci line is. Stop loss will be placed at 16004.00, where the previous swing low is. Take profit will be at 18595.60, where the 50% Fibonacci line is.
Comments
illuminating_trade
SwallowPremium
Your technical analysis is awesome! Thank you for sharing!!!
JoyBoyVegae
I have to disagree on this. Still bearish; the bear market isn’t over and we are not bottomed yet
illuminating_trade
cheers
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