PaperBozz
@t_PaperBozz
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PaperBozz
BTC you know what is not down? Bitcoin. That means the market will most likely follow suit. If this descending broadening wedge plays out, we are looking at $104K to $108K area. Resistance areas to watch: $90 - $91K $96K IBIT
PaperBozz
BTC If Bitcoin closes below the 200-day moving average (200DMA) or 83K , we could see it retest the previous breakout area and uptrend line around $72K to $68K. 👀 On the upside, closing above $90K would be bullish. The current volume gap area on the volume profile creates less friction in either direction.
PaperBozz
BTC Bitcoin bounced from VWAP and trendline support as expected. It is not out of the woods yet until it reclaims the 60K area.I added to my IBIT and MARA positions when they came into the buy area.See August 31st post for details.
PaperBozz
BTC I bought some more MARA and IBIT last Friday. My next loading point for #Bitcoin is around 54K and below, if it gets there.Why 54K and below? Because it is where VWAP, the 50 DMA, and the wedge trendline converge, creating strong support.As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.
PaperBozz
BTC #Bitcoin don't forget ☕️. $85 K to 110K measured move. 🚀As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.IBIT MARA CLSK
PaperBozz
BTC You see that ☕️? Yep. If it materializes, we are looking at $120K price target. Near-term target 80K. 👀 IBIT MARA HUT CLSK
PaperBozz
BTC $Bitcoin is back above $60K critical level and breaking out. Hope you loaded! Let's get to $66K.🚀 I am long MARA and $IBIT.
PaperBozz
BTC #Bitcoin is back above the critical $57K. It could be at a turning point. A breakout above $60K level could validate the broadening wedge and see further upside. 👀🚀 IBIT MARA RIOT HUT
PaperBozz
BTC #Bitcoin formed a higher low. As long as it doesn't close below $60K it could be on track to revisit upper trendline area at $71K. IBIT MARA CLSK HUT
PaperBozz
BTC Still sitting on fib+trendline support. The trendline is still intact. It is now a symmetrical triangle pattern with the breakout target of $80K.
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