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ConsolidationNation
Dec 4, 2019 11:32 AM

BTC weekly chart analysis December 2019 Short

Bitcoin / U.S. dollarBitstamp

Description

The BTC long momentum play is over for now. We not only closed below the 52 week EMA, but back tested it from below. The next mid term support should form somewhere between 4500 and 5500 where the 200 MA stands. The consolidation is just going to be a lot longer and deeper the most people think.
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