JVallah

Bitcoin is primed for BULLISH breakout, but not yet.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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As you can see on the chart, its obvious that this market is ready to turn around. All the signs are showing a bullish breakout should occur, however the short term trend within the triangle suggests another drop of about 7% or so, before that happens, reason being a double top has formed with 2 distinct candlewicks, (multiple signs of weakness), as well as the short term support has been breached. The price should come lower before breaking out of the triangle with bullish breakout.
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JVallah Dean_Klugg
@Dean_Klugg, #1. Its appears you are reciting the current news. Source: Bitcoin Price Manipulated by Cryptocurrency Trading Bots "https://www.ccn.com/bitcoin-price-manipulated-by-cryptocurrency-trading-bots-wsj/(2 October 2018)
#2. Regardless of trading bots, everything about the price is revealed in the chart. An experienced trader/analyst can spot changes in market trends quickly, all news, bots manipulation etc is revealed in the chart and can be examined by proper technical analysis. I invite you to come back and check this chart after 1-2 weeks.
#3. Technical analysis is a respected field and top traders on wall street and everywhere else use it. Its too bad you lost 35k,my condolences, the strategy you mentioned must not have been very "good" as you stated.
#4. You are misinformed to think that bots could stop a good trader from making money, it depends on whether you truly understand trading, or follow all the bullshit the technical analysis community typically teaches.
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