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$BTC Bullish Or Bearish!?
1Hr & 4Hr Charts
Price action is above the yellow 1hr 200MA in the 1st picture.
In the pink megaphone projection preparing for wave 5. Potentially up to $72,257 by Wednesday April 8th?
That orange ascending triangle can sometimes indicate a reversal to the upside.
In the second picture we can see the yellow 4hr 200MA, near the upside target of the orange ascending triangle at $69,092.
Don't forget the potential top of wave 5 in the large blue bearflag. That could be near $77,926.
If the bearflag breaks to the upside it's actually an Adam and Eve double bottom with a potential target of $90,678.
If price can stay above the 1hr 200MA the algorithm will normally push it to the 4hr 200MA.
Targets and moving averages are aligned to the upside.
Im starting to see some bullish potential here.
NFA, DYOR ⚠️
#Crypto #Trading #BTC