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NoCreditsLeft
Feb 27, 2021 11:48 AM

Critical time for Bitcoin! Do we break to the upside? 

Bitcoin / U.S. dollarBitstamp

Description

Forming a triangle pattern right now. have we seen the lowest price bitcoin will ever be, or is there more to this downward momentum?
Comments
The_Royal_Dutchman
I did pretty much the same. I also noted that the last 30% pullback was around the same time as last time (2017) from the start of the run up. Extrapolating I come up around the same target date for end of the run up. Only to be on the safe side (since not all runs are completely equal in length) I put a target between 25-07 and 25-10. Still, note the red rsi in the daily on Phoenix getting close to 20 and the weekly energy running out of steam for coming days.
Siniorone
nice
MoneyMakerTrade
Nice setup 👍
fxnewbie12
what position should we buy
NoCreditsLeft
@fxnewbie12, I can't give you any advice, but I buy the dips. Sounds simple. It's highly unlikely to see BTC in the 30-38K price range ever again, it's possible to see it 39-41K, it's more than possible to see it at 42-44K again, but once we leave the 40-50K mark we could be at 65K and NEVER come back to the 40-50K mark ever again... maybe. If I'm buying to hold, I buy when it suits me cos it's always going to be a profitable trade. If you're buying to trade, learn how to read charts and make your own decision :)
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