After approaching psychological level of $30000 and a 4H trendline, bitcoin is set up for longs.
A trap move to absorb sell orders occurred under $30000.
Bitcoin is also approaching this level with a descending triangle, this coupled with the fact that the TDI is showing volatility bands contraction points to a momentum move in any chosen direction.
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A trap move to absorb sell orders occurred under $30000.
Bitcoin is also approaching this level with a descending triangle, this coupled with the fact that the TDI is showing volatility bands contraction points to a momentum move in any chosen direction.
Please like and subscribe to receive timely analysis like this one......thanks in advance.
