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BTC USD making Buy Setup on the Newly formed bull base – March 12 , 2023

Currently, the BTC/USD pair is forming a long setup on the H1 timeframe, as there has been a reaction after retesting the newly-formed bull base. The bull base was created by an engulfing candle on the H4 timeframe. To establish the buy setup, we identified the dominant bear candle and confirmed its break with at least two subsequent candles (in this case, the…

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