Good evening guys, I can speak for sure that the zone that bitcoin is currently you definitely should not buy bitcoin. We are tired of rising price, strong resistance and the main downtrend line to face. Now it's time to wait in dollars and see how bitcoin will be on top of the resistance.
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Safety zone to buy and safety target reach!
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Day trade re-buy suggestion:
If you are searching for a target for next weeks, we have power to go to 5800 level, before the old support (now is resistance).
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We are 8% distant from strong resistance, in the region of 5600 (price bitfinex). Meanwhile the buying force remains strong. Bitcoin Monitor / Follow Bitcoin Step By Step: t.me/heavensignals
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In the D1 candles we have a evening star, is a bad signal for bulls, BUT this pattern will confirmed IF the price stay bellow the low of candle evening star in next hours: 4842 price.
(look the other possibily bellow)
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If price stay ABOVE 4842 price, is expected the price still raising, now with more strong to go more far.
Being a longer term investor I will wait for the 6k level to be touched. I think it will be touched as there is a lot of FOMO in the market. Can be today or may take some weeks. It doesn't matter I will then sell a small part of my inventory and wait for the price to drop for a correction and get back in as low as I can.