BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello everyone
Today I want to show the 4 hour chart on which you can see the channel going up and the middle line of the channel is shown in black dotted After Bitcoin reached the maximum price this year, it began to be adjusted, all of the classical impulse-correction ( rising wedge ) - impulse. after breaking the wedge , we are now at a weak support of 38.2% 5030, the next support is at the 50% fibonacci level of $ 4864.
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I think the CME expiration date has a major impact on BTC's trend transition.

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Hey guys check this out, it could be a possibility.

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Thanks EXCAVO it looks like a standard Channel Up and on any other given occasion I would agree with that. Howeve with the upcoming Golden Cross on 1D I believe a stronger pull back is on the cards under that Channel Down? Looks like a 2015 repeat.

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We're currently short and are watching the support very closely and if we can break it we are looking at that same trendline on the chart for a bounce. We also suggest people get ready for the long trade in advance so you are prepared for when it does come. If we can establish lower lows and higher lows this will be a very nice trade for all who are long but that formation will need to happen.
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Take a look at how good it works with Zero Lag EMA invented by the John Ehlers and Ric Way.

The market turned into bullish.

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Very beautiful drawing. However, the price never moves as beautifully as drawing :))
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