BTC Long Position 11/29 - 11/30
BTC has been correcting nicely as expected. I am anticipating one further push downward to the bottom of this rising parallel channel. I believe the last wick will touch levels of ~50,300-50,800 which will land within the golden price range. We can see that selling pressure is still above the 20 MA and volume levels are still favoring the bears. I believe this final selloff will then lead to a strong breakout and will start the climb upwards to $70,000 and beyond.
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