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JDraw
Oct 4, 2018 11:02 AM

The 1 point that matters 

Bitcoin / DollarBitfinex

Description

We are in a period of consolidation after a bear trend. The only point you need to reference is the higher low realised at the beginning of August.

Currently unsure as to which way we break but don't let anyone tell you "We are still in a bear trend".

We aren't.

Trade this chop as neutral. Solid returns to be had playing the low risk trades until a new trend develops.
Comments
Kgear117
Also the weekly MACD trending upwards since july. lol
W3rN0tAl0n3
Excellent point that strangely isn’t made by too many folks and yet is undoubtedly true. Thanks for sharing- thumbs up, :-)
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