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Like2Move
Jun 21, 2017 7:18 AM

Eyes are ascending to 3000 Long

BITFINEX:BTCUSD60
Bitcoin / DollarBitfinex

Description

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Resistance 2750 broken, new highs expected. Ideal enter at 2600 support zone.
Idea invalidates below 2500.

Comment

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Below 2550 price can slide to 2320:

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Yellow line is a signal for further movement:

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Here we are: how strong is the support at 2500?

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Strong bounce. BTC still bullish:

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Likely, ready to test 2320:

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Need to climb over 2655 to extend the movement uphill. Lower low expected:
Comments
mozartc
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Do you think the 2300 support holds?
Like2Move
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@mozartc, Not anymore. Likely, 2200.
mozartc
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My expectation is that it will break to arrive in 1700
Like2Move
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@mozartc, Not only yours :) But in this stage price may drop to strong support 2300. And be still bullish.
mozartc
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@Like2Move, 379/5000
I think that after the information that there is a great volume of sale in the area of 3000, it would take a large volume coming from low to counter to an eventual break with the output of the sales volume, 1700 would be this support.
By obeying this site, coincap.io/, I could see the withdrawal of almost 3 billion dollars from bitcoin from yesterday to today. what do you think about
Like2Move
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@mozartc, How big is funding? But capitalization remains high?
mozartc
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@Like2Move, Yes, it's still high, but coming down. Like almost all others. The bitcoin goes down, they all go down.
Like2Move
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@mozartc, good, very good. We will buy bitcoin at a lower price.
mmitkevich
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Hi, thanks for your analysis.

Current bull move - Is it wave 5 (to 4000) or wave B (to 3000 and back to 2000), what do you think?
Like2Move
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@mmitkevich, I have no answer yet. On H4 chart I clearly see ABC pattern (yet). Anyway, strong resistances at 3000 and 3250 are ahead.
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