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BTC Trend - 3 routes

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BITSTAMP:BTCUSD   Bitcoin
Daily RSI is very high, pointing to a correction.

However, BTC remains bullish and so, this chart explore possible routes. The first route (in purple) shows a continuation, which follows the current trend line. The second route (in red) shows a dip to the older trend line before continuation, and the third route (in black) shows a deeper dip to the demand zone before continuing upwards.

Potential profit areas are marked TP1, TP2 and TP3, based on Fibonacci extension levels.
Dagangan aktif:
Looks like BTC took route 1 :)

Penafian

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