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[Solved] BTCUSD technical analysis

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Lens
Posts: 14
 Lens
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(@lens)
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Joined: 2 years ago

I have pulled 3 consecutive successful trades today. I used a 4-hr time frame. Bitcoin has a new support zone at $41713.13 and it seems the bulls are holding the support zone very strongly.  I took a buy order position  and  my TP ( take profit) is $42130 on  a 4-hr time frame using the candlesticks pattern.

The shadow of the previous candlestick showed a strong buying pressure. So, that's the reason why I tool a buy position. Attached is the candlesticks chart analysis. 

 

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Lens
Posts: 14
 Lens
Topic starter
(@lens)
Active Member
Joined: 2 years ago

I won the trade. The wick of the candle hits the TP and the trade was cancelled keeping the profit. This is the fourth consecutive successful trade.

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