Just for consideration, daily picture looks not too good!
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Things getting worse. - Daily candles continue to stay in negative BB zone - Middle BB (SMA 20) bent down
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Daily candle went to positive BB zone. SMA bend neutralised. Such a mindfuck is typical for ongoing triangle correction, so watch there is a next idea called "Triangle?"
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Also, I don't like hanging man weekly candle formed today. Anyway lets see whats up with that potential triangle.
Price action looks very corrective to me, meaning more impulsive moves to the upside are to be expected.
LQGRING
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This makes sense and I was nervous too. But today it seems that trend remains.
Little more and we will have confluence in the volume increase, too.
hhfibo
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Price targets for a short time?
Thank you, master!
ferGOD
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HEY!
ferGOD
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BITCOIN - Intraday Update - 12/09/20 (Short-term)
Outlook: Expecting BITCOIN to recapture its $19915.14 high and beyond. Breaking above $19299.51 is the next upside objective for the bulls. (Fist a Bullish Evidence)
Analysis: The break above $19915.14 signals the second wave consolidation is complete, and the move puts BITCOIN back on track to challenge the next upside hurdle. The bulls are in control while $9813.00 - Wave (ii) - stays intact as support.
Bottom Line: A third wave rally is in its early stages. Subdividing higher within wave iii of (iii)
Note: Prices can vary between BITCOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
Nollie
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My weekly chart even turned bearish. I expect bear trend 2-9 months.
GandalfTheBitcoinWizard
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@Nollie nah, this is just the correction we've been needing. probably will stop at 16.5k if not then at ~14k. then its straight to $24-26k
Nollie
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@GandalfTheBitcoinWizard, Time analysis shows major top this month, if this is just a correction it will still last for two months, and be at least 27.5% in price. That's what the charts are telling me anyway. We'll see.