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Crypto2AF
May 11, 2020 9:44 AM

#BTC Review [May, 11th]: Halving DAY-0 

Bitcoin / United States DollarCoinbase

Description

#REVIEW BITCOIN

First long target was reached and if you have opened a long, I recommend to close it until the situation becomes clear. Bulls are struggling to gain a momentum, while bears are killing the order-book. Convergence is in play and huge gap is above, however, the price is moving to $8500 region again.

If it reaches and breaks this support, this will be the third attempt and usually third attempt is successful. In this case I suggest to open a short in order to visit $7700 - $7900 area. If not, we can always open a long a bit higher.

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Please see updates from my recent ideas -
Comments
MachiavelliTrader
Nice work, keep up the good work. I have tried to explain it too in the best way I can
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