We closed the week above 50 K. So far so good. If the pattern of recent months is repeating, the picture for December will be positive.
The Weekly MA50 has given strong support so far. This means that our Local Bottom could have been here. If we look at the RSI, this underlines this view.
On the last impulse, we reached the Fib area of 1.5 to 2. If this pattern repeats, the next possible local top would be between at 75K and 90K. Lets cross our fingers! 🤞
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Let's see what happens. Happy trading. 😀
BTCINVESTING
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My Post from Dec 10: "BTCUSD: News for bears and bulls: Here we are!
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My Post from Dec4: "BTCUSD: And another bad news for bears: buy the dip!"
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My Post from Jun7: "BTCUSD: Another bad news for bears!"
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My Post Apr 15, 2019 (2,5 year ago!). I was one of the first btw. ;-)
Keep up the good work!!!