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1 thing that is certain in trading is a breakout will definitely happen after a series of consolidation. In the coming week, will Bitcoin breakout towards the upside or retraces down and continue its journey in the consolidation?
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A break and close above the trendlines give more clue, however it is still not certain of its uptrend appreciation. A break and close above $13964 are needed for further confirmation of uptrend movement.
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@RaynLim, I agree. I'm waiting for bearish confirmations for the very short term. Don't think the long-term "break out" is confirmed yet given how manipulated crypto is.
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@Phi-Deltalytics, I believe a lot of traders and investors hope that it down breakout yet. For bitcoin it's a bit hard to say, my heart is with the further consolidation too. All the best =D
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@ceesounds, Chill Ceesounds, we all have somewhat been through the phase of searching for the answer.It has now broken upwards, more clue has been given.
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@RaynLim, The guy I was commenting to goes from post to post talking trash about peoples charts and putting them down if the price action doesn't play out as the chart says. He has no ideas of his own and talks trash to those who have the balls to show an idea of their own. He is trash. Maybe that backstory helps put my comment in perspective.
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@ceesounds, Ah I see. Thank You Ceesounds for standing up for other Analyst. Sometimes these people do cause potential traders and analyst to give up their craft.
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