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deliciouspodo

Aim for the wick - good R/R long

Bitcoin (COINBASE:BTCUSD)  
deliciouspodo Updated   
COINBASE:BTCUSD   Bitcoin
Support and Resistance Supply and Demand BTCUSD Bitcoin (Cryptocurrency) BTC
4
0
supportandresistance supplyanddemand btcusd bitcoin btc
If this is an accumulation, it will not go below the previous low 6100

Enter at 6160

SL at previous low 6100 (considering slippage, 6050)

TP1: 6550
TP2: 7300

R/R is at least 3
Comment:
Update: Looks like my analysis was pretty myopic.
snapshot
The entire 6100~6800 range looks like an accumulation trading range. 6150 does not provide the "spring" / final long liquidation / last test of supply. I think there is a high possibility of final drop to below 6k
Comment:
Possibly go up to 7500 max before dropping to 5900ish.
If we were to get above 6800, I will start looking for weakness when BTC goes above 7.2k
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