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Yosu_Fund
Oct 21, 2019 4:04 PM

BTC/USD - weekly Analytics + Altcoins 21.10.2019 Long

Bitcoin / United States DollarCoinbase

Description

At the period from 11.10.2019 to 20.10.2019 the corrective confirmation of local reverse was formed.
the local impulse that completes this correction confirms the strength of the market and allows you opening long positions with minimal risk.
Additional confirmation of the reversal formation in the area
8800-8900 will give the market new strength for approaching the levels in the area of 10000. Generally, we still believe the global correction was formed.

Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH, SAN , IOT )
At the moment the reversal formations in altcoins, in our opinion, have not been formed, but are at the final stage. Now we can emphasize
EOS / USD coin. In case of overcoming the main level 3.30 there will be points for opening long positions with minimal risk.
Comments
Basil13
Nice chart, I can see the correction and fake breakdown which should be a massive bear trap
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