it is possible, but if btc breaks 8400, its going it 5200/2000 in my opinion.
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zippy1day
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@cycler, It won't break $8400 imho but then I do not have a crystal ball lol
cycler
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@zippy1day, neither do I, but buying support there will certainly hold the movement. some people have a buyzone at 7500, but my chart says if 8400 breaks its rollercoaster to 5200. this is because if there is no buying support at such an important level, this was all a bull trap. it is also the last level before an Inverted shs can form, which is the only pattern that can reverse this market.
zippy1day
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@cycler, Possibly but I am a raging bull for bitcoin, so cannot really see this in its death throes unless mass panic sets in! Finally I have an Adam and Eve bottom charted from the all time high which is the more likely scenario which means once we local bottom here $11700 will come under attack to take us higher?
@cycler, tradingview didn't make it a picture. my view if 8400 breaks.
cycler
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@zippy1day, if you go check out the coinmarket cap chart, you will see the crypto market cap didn't make an adam and eve.
zippy1day
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@cycler, OK everybody entitled to their view as they say time will tell ~ guess coinmarket have the handle on bitcoin not lol
cycler
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@zippy1day, I have alot of different views, I use them all to choose a cmp. I like to remind myself of the bearish ones when I'm not trading with much of my capital. I'v egot an inverted head and shoulders too, but I lost it and cant be bothered remaking it.
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