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peakindicator
Sep 7, 2020 1:56 AM

Corona Crash Fractal Long

Bitcoin / U.S. dollarBitstamp

Description

This recovery is similar to that seen after the corona black swan crash in may. If we can keep the MACD histogram in green we could continue a bullish reversal here. I am not a financial advisor, trade at your own risk. Please leave a like =)

Trade closed manually

Fractal did not play out. Got a test of the lows and a low volume push back up to 10.3. I'll be sitting 1x short from this area. Though this still seems to be a good long/mid-term buy zone, my new buy target is 10,050 - 9500

Comment

Outlook getting more bearish now the longer we stay here.
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