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UnknownUnicorn1520339
Jun 5, 2018 2:00 PM

BTC showing patterns Long

Bitcoin / DollarBitfinex

Description

Target can be set to 8800. Watch out from that level what is going to happen:
  • Scenario 1 = Breaking red resistance downtrend = uptrend
  • Scenario 2 = Bouncing from red resistance downtrend = consolidation

Comments
MikeLeChat
Nicely pointed out, it's good to take a step back sometimes. I must admit it's looking quite uncanny from a few perspectives and i'm left wondering if I am getting too hung up on Bitcoin having to test the trend line

This would completely decimate shorts at the moment and it has been bugging me all day that a drop at this moment just feels too obvious

The only thing that's concerning me is volume, or rather lack of...

Cheers for sharing

UnknownUnicorn1520339
@MikeLeChat, haha I feel you, was waiting to retest the trendline as well. But it's a 1:4 RR for now as I see it. Volume is bothering me since January ;)
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