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EO1
Mar 16, 2019 3:46 PM

Bitcoin retest of 4200 $ and sharp drop to 3200 $  

Bitcoin / DollarBitfinex

Description

As described, Bitcoin will retest upper trend line at approx 4200 $ and get strong rejection (volume is dropping on weekly timeframe, Stochastic RSI about to roll over), causing it to fall to major support line at 3200 $ in weeks to come. After double bottom i think we will enter in reversal (bulls will take over).

Trade with caution and stay safe, do not fall into faked bull trap run, we are plankton for big whales who are on the hunt right now.

This is NOT a trading advice, but it should be :)
Comments
Make_Money_Guru_Bitcoin
good chart buddy. keep going
mbc47
Chances are we will get rejected form the 20 W MA.
We then will get down to bounce off of the 200 W MA, which will put an end of the Bear
EO1
@momtchev, exactly, i assume the same.
W3rN0tAl0n3
:-), thank you for sharing EO1.
EO1
@jeremy.jacques79, you are all very welcome :)
artem19840910
EO1
@artem19840910, agree, just a matter of details, but path should basicaly remains the same :)
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