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tinusbotha
Mar 6, 2018 7:28 PM

BTC Sideways breakout 

Bitcoin / DollarBitfinex

Description

If we see price close below the 20 SMA, we can see the price of BTCUSD falling to the next support zone between 9400$ and 8900$.

If we see price bounce near the Accumulation zone we our next target will be set back between 11500$ and 12300$

Wait for price to clearly bounce from the Accumulation zone and breakout above 9400$ mark before re-entering a long position, with a stop loss at 8900$
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