Bitcoin Short Term: bullish bias above 53000
Sep 23, 2024 8:06 AM
long positions above 53000 with targets at 70000 & 73800 in extension.
Pivot: 53000
Our preference:
long positions above 53000 with targets at 70000 & 73800 in extension.
Alternative scenario:
below 53000 look for further downside with 49000 & 44000 as targets.
Comment:
the RSI is bullish and calls for further upside. The price is posting upward momentum in a Broadening Formation : a bullish continuation pattern.
Supports and resistances:
78260
73800
70000
63447 Last
53000
49000
44000
Our preference:
long positions above 53000 with targets at 70000 & 73800 in extension.
Alternative scenario:
below 53000 look for further downside with 49000 & 44000 as targets.
Comment:
the RSI is bullish and calls for further upside. The price is posting upward momentum in a Broadening Formation : a bullish continuation pattern.
Supports and resistances:
78260
73800
70000
63447 Last
53000
49000
44000
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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Bitcoin
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684.8600000000006
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