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cybernetwork

BTC broke above descending channel with volume! This is nuts!

Long
Bitcoin (BITSTAMP:BTCUSD)  
cybernetwork Updated   
BITSTAMP:BTCUSD   Bitcoin
Support and Resistance Trend Lines Volume lividitium aeondrift fusiongaps majestic Bullish Patterns FLAG pump dynamiclevels
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supportandresistance trendline volumestudies lividitium aeondrift fusiongaps majestic bullish flag pump dynamiclevels
See my previous charts and scenario predictions:

Yes! :o and wow!
Will BTC break the upper resistant of the descending trendline?

Nopes!
BTC: TA and speculative price movement in August 2019.

Zoom-in to see current price action in this chart! This is crazy!
I believe it probably will come down to retest 200 sma -- But will it?
BTC: Crazy and unlikely ATH prediction, vs an earlier prediction
Comment:
Yes it did come down for the retest as predicted!

The price needs to find support above the 200 ema, as the ema continues to head on forward in its current positive slope. If it goes below, then it will be signal for a continuation of the descending channel.

It will be useful to monitor the FUSIONGAPS and the MAJESTIC oscillators from here on out, to look at weather if the momentum is being sustained, or accelerating/decelerating.

Note: Typo above, it should be “ema” as well.
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