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EXCAVO
Feb 21, 2019 10:25 PM

Bitcoin Short

Bitcoin / DollarBitfinex

Description

BTCUSD moving in uptrend channel. We touched resistance line of this channel and now probably decline in the range of 3830-3900 there is a support line upward channel. MA100 as well as two strong levels of fibonacci 50%, 61.8%. After that I expect growth in the range of 4200-4300
Confused RSI- oversold

Trade active

Comment

The Crypto Fear & Greed Index is now at 63, which is a strong indicator of people's mood in the market. Most people are now looking for growth to 4200-4400 and this is logical for technical analysis, but we are still in a bear market, so be careful. And use risk management

Trade closed: target reached

Comment

Comment

Comments
Ville1
Target reached? How, if you said the price would drop...
InvestingScope
If 4200 breaks, the upside is gonna be more aggressive, 4600 by our calculations:

astrologychick
IDK, there is no real evidence that the Bear market is over. I could just as easily fall back to $3200 or lower.
rkothwala
You warned it. This is the best BTC chart that we need to monitor in these days. Great work as always.
EXCAVO
@rkothwala, Thank you so much
rkothwala
@EXCAVO, You are welcome
usmrns
Interesting..... ty
usmrns
Can you give an update?
BFCMInvest
Great call! is it dropping now? Leave me a comment on this Eth chart instead ;)
rkothwala
What's next move?
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