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AlgoTradeAlert
May 19, 2023 2:19 AM

$BTCUSD Daily Chart Bear Flag  Short

Bitcoin / U.S. dollarBitstamp

Description

BITSTAMP:BTCUSD If the bear flag breaks next support will be at the 200 day moving average and the 618 fibonacci retrace level at around 24000
Comments
JoeChampion
Great job fella!
AlgoTradeAlert
Thanks for the comment! But my algo software does not know about the political system. I agree with you on technical analysis that it will not work when there's exogenous events at hand.
cryptospawn
@AlgoTradeAlert, 😎👍
cryptospawn
Eyes on macro fundamentals my friend. The US political scene is due to take a proverbial s#it soon with the entire Biden family potentially facing the gavel. Impeachment imminent? If so then all the TA in the world is trash. I feel this is a good time to take 10 steps back and pay close attention to politics as this will be the one factor that will affect the market the most for the coming one to three years.
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