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Bitcoin Current Price – Consolidation On Track

1/5 - BTC Current Price 🔥Action🔥 on the 12 min time frame with MarketCipher.

Red Line - High volume node of the range

Yellow lines - Fib Levels

Blue Tilt line - Moving Support line

tradingdog

bullish

BTC BTC

*Market Cipher*:

Market Cipher - The best indicator around

2/5 - What we have seen - Bear divergence between price and momentum Waves on MarketCipher as seen below.

tradingdog

bullish

BTC BTC

3/5 - What we are looking for - Looking for a Bull divergence at the 0.382 Fib level for another move up. Golden pocket is another long option if we see a bull div there as well.

tradingdog

bullish

BTC BTC

4/5 - Furthermore we see a large split in the RSIs, would like to see a bull div here as well to confirm a possible long entry.

tradingdog

bullish

BTC BTC

5/5 - If we do see a move up, will be looking for shorts up at 17040.

You do you and I will do me. Keep it simple. MarketCipher

tradingdog

bullish

BTC BTC

*Market Cipher*:

Market Cipher - The best indicator around
This post is based on this twitter thread.

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