BillCharison

BITCOIN, Waiting for a SHORT Confirmations!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
We can see new magnet level at $12080, which pulls the price to itself. This upward movement will be a correction of 13k rally, after which the price might fall down again. The power of a magnet level can be spread up to $12475, this point is the strongest local resistance right now. Unlike $12080, $12475 level tends to get wider as the price comes closer.

If this point won't make other resistances and the price will surpass it, we will see a new pump. If we see only winks in red zone, the market will dump further. The same appeals to magnet level. Targets of downward movement are in the $9500 - $10700 zone, where we'll probably see another upward correction.

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Comment: The most interesting things there are borders of the flat-channel. The strong resistance is located at the level $11640, while the strong support is located at the $10700 level. You have two trading options: firstly you can trade inside the channel and secondly you can trade the breakout of one. Therefore, if the price breaks either support or resistance and take hold there - the next movement will have the same direction.

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nice one...maybe this pattern will clear more
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Husain_Zabir Husain_Zabir
@Husain_Zabir, or this one for long term:)

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Hi! Do you have an Instagram handle?
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