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Quinton84
Apr 9, 2020 12:43 PM

Trend line still respected Short

Bitcoin / United States DollarCoinbase

Description

You will notice in my last publishing that i pointed out this trend line that has been acting as stiff resistance and it proved itself again. Not only was it rejected as predicted, but even tested it 2 more times before someone decided to sell some coin dropping the price. As expected, there was a slight reaction rally in price, but don't expect BTC to go above 7300 before taking another plunge. It will be a bloody day.
Comments
Darkside999
Uh oh its above 7300 loll
Quinton84
@wildbeast, lol yeah i looked at the wrong number on the trend line. but still right on the money
Darkside999
@Quinton84, you are not right on the money it's going up and up
Quinton84
@wildbeast, we shall see
jake93854
nice work!
Quinton84
@jake93854, thank you, i was a little sloppy with the price quote, as you can see by the ones calling me out, but it was because i rushed it while working on other things. All we can do is try to be right more often than wrong.
jake93854
@Quinton84, Good analysis, can't forget that trendlines are strengthened each time they are touched and not broken. I dont see why so many think this will begin the new bull market. Volume is decreasing
Quinton84
@jake93854, smart man, take bias out and look at it from every angle.
Binancial_X
Well it’s already there without your projected plunge
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