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Bitcoin (2020-01-25) Accumulation above 200 DEMA + Parabola

Long
Bitcoin (COINBASE:BTCUSD)  
ChartCinema Updated   
COINBASE:BTCUSD   Bitcoin
Supply and Demand Trend Lines Moving Averages Bitcoin (Cryptocurrency) Cryptocurrency 200daymovingaverage parabola chartanalysis
6
0
supplyanddemand trendline movingaverage bitcoin cryptocurrency 200daymovingaverage parabola chartanalysis
  • I would have at least 25-33% of speculative funds in a HODL position in case Bitcoin goes parabolic due to world fears of Coronavirus and upcoming Halvening.

  • Potential parabolic line is being formed.


  • Demand is buying up supply above the 200 Daily Exponential Moving Average and not piercing through it.


  • Bear Volume is decreasing as price is declining = Bullish Divergence... speculators are waiting to buy at lower prices (hence lower trade volume), but institutional investors may be front-running the expected drop by most traders.


  • Break of Parabolic Line and 200 DEMA will invalidate Bullish Analysis!
Trade closed manually:
Took profits. CME Gap may need to be filled below at $8,530
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