Could be headed back to 1030 now or lower... there is a lower target of 900 visible.
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Please click on the chart for the update
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my point here was not to determine a bottom so much but to show that the period of consolidation can take some time and just to indicate the support areas. We have support at 1050 range and this should hold as it has been a solid bottom for sometime.
@Xatos, thank you for the chart. Nice contribution...
FollowTheRich
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Great post!
ixflo12341
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u think it's going 400?
CryptoCyberpunk
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@ixflo12341,yes sure its goint to 0? Come on be real.
CryptoCyberpunk
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@MiljanMarkovic, it was going to 300 when the last time ATH was 930 now ATH is 2800 its not going back to 300 400 it can go back to 900 probably
graham.edwards84
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@MiljanMarkovic, yes exactly... this is in play still although 1050 area is still very supportive
graham.edwards84
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@ixflo12341, no sorry, my drawing was just to indicate support areas and to show the last bottom. No it will be much higher. We have 1050 now and next is 900 range. That is all we need to think about. It will never go to 400 again unless it has a catastrophic failure.
ixflo12341
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@graham.edwards84, lol I just learned some new information, and I was like, OMG, everything now it seems clear to me.. and that is big... if it falls 750 -900, I am buying everything I have.
graham.edwards84
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@ixflo12341, okay... are you going to share with us?... lol... must be something big?