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Lemming1607
Nov 23, 2018 3:29 PM

Trade opportunity above 4400 

Bitcoin / United States DollarCoinbase

Description

The 50EMA on BTC has been heavy resistence the past week. If we can get above it, the ichimoku cloud is clear sailing to 4700, where the kiejun is on the 4 hour chart. Heavy resistence at 4850, which would be the likely next stop if we get above it.

Comment

We just broke through the 30m Ichimoku cloud, about to test the 50EMA on 1hr

Comment

Rejected again at the 50 EMA on the 1hour. 30m 50EMA is at 4282. Lets see if it can find support there. Otherwise we're going straight back down through the 30m cloud.
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