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TWIMARKETCAP
May 7, 2018 11:56 PM

BITCOIN seems to be forming another BEAR FLAG 

BITFINEX:BTCUSD30
Bitcoin / DollarBitfinex

Description

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Yesterday I published an idea mentioning that we were about to brake down form a bear flag, sending bitcoin down to the are a of $9100 - $9200. (if you want to see how successful was that prediction, you can see it here tradingview.com/chart/BTCUSD/f7ZkQz5h-Bitcoin-possible-forming-a-BEAR-FLAG/)

Now, Bitcoin seems to be forming another Bear Flag that could send us to the area of $8950 - $8800, the only thing that is stopping it is that the volume is increasing significantly and that could break the bear flag via the top.

Keep an eye

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Trade closed: target reached

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Bitcoin reached $8950 over night as predicted.

Now it seems that it might bounce a little.
Trend AnalysisBitcoin (Cryptocurrency)bitcoinpriceBTCBTCUSD
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