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*Cautioun: *These past days could have either been a liquidity grab or a push for big money to get rid of stop losses to push down further. Also, there is a Wyckoff formation forming and it’s not clear if it’s distribution or accumulation. *Short term: *Bullish: rejection of support breakdown with high volume + lots of bullish divergences: Mid Term: Hold: Uncertainty of distribution or accumulation phase. Long term: Bullish: basically the reasons of the Short Term analysis and also BTC has been holding above some key MAs and VSAs from previous significant lows. Note: Don’t just trust random reddit dude and do you’re own analysis. I’m not a pro trader at Wall Street. submitted by /u/jasomniax to r/technicalanalysis |