anilmangal

BTCUSD in a corrective structure

BITSTAMP:BTCUSD   Bitcoin / Dollar
3244 10 108
I am posting this on request since I don't trade Bitcoin .
The details are explained in the charts .


Trade wit care.
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AEDarwish
8 months ago
this is long term trade ?
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Zohaib_Malik AEDarwish
8 months ago
Yes
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ucdos1988 PRO
8 months ago
good job. thankyou so much
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Zohaib_Malik
8 months ago
Nice chart ANiL
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ChartArt
8 months ago
Good chart.

I agree with this forecast idea: "Down is still correction for one more up move". If the price first goes down before a new rally that would satisfy both bears who are negative on the price, because of current unresolved fundamental issues (example https://twitter.com/paulvigna/status/710857354775019521) and also satisfy long-term believers and investors who want to buy much more ideally cheaper before the long awaited Bitcoin "block reward halving" event which will reduce the new supply of newly mined BTC by half in 16 weeks (see http://bitcoinclock.com/).
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Lindsay PRO
8 months ago
Thanks Anil. You are very generous with your chart analysis.
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mahmoodnoori
8 months ago
Thanks anil .
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NHTG PRO
8 months ago
Wave patterns for bitcoin! Amazing. Thanks Anil.
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Satosan
8 months ago
Nice chart!
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altcoins_trading
7 months ago
it looks like ascending triangle right now, thnx for the chart
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