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bloodgood
Jun 25, 2020 5:37 PM

Bitcoin faking bear signals Long

Bitcoin / U.S. dollarBitstamp

Description

Hi.

We can see that downtrend broke which lead to significant rise and then re-test of marked support.

Also price action made higher low, which is a great signal for future uptrend.

More or less everyone expected another lower high, which would be bearish signal, but Bulls has decided that their time is not over.

Chart indicates how the movement could go.

Regards
Comments
OrcaCryptoTrader
Great analysis
hesamko
Wyckoff model
bloodgood
@hesamko, that would mean huge decline. Let's see
TheLife
Waiting 20k and up🙄🙄🙄
bloodgood
@TheLife, Indeed haha. Weak hands will fall off, and the rest will be rewarded. always like that.
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