ChartArt

Bitcoin Rally Correction Ahead

BITSTAMP:BTCUSD   Bitcoin / Dollar
467 6 3
The price could drop in the next days down to $255 or maybe even lower to the $240 area.

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altcoinbonanza
2 years ago
will keep a watchful eye
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johnrfraser
2 years ago
Hi Chartart, why 240s?
Is this the condition where the bull trend is invalidated or do you see this as a retrace from where you expect to see new buying?
Thanks
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ChartArt johnrfraser
2 years ago
240s was Just some quick gut decision. I wanted to post the chart before the daily close. The only key area I'm sure will be a battle ground if the price falls more will be $250-$255.
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altcoinbonanza
2 years ago
You could be on to something here my friend.
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MoonTrader
2 years ago
Strong support is around $245, so not a bad guess.
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altcoinbonanza MoonTrader
2 years ago
yes. i have been re-thinking my position here and this is what i see now. Don't get me wrong, i am a bull at heart but i have to take these trend lines seriously and for me i see downward movement here. Am i wrong sometimes, yes. But in this case i would have to agree with ChartArt and MoonTrader. If i'm wrong i'm wrong and that would be nice for bull stampede group, lol.
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