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jorritdenuyl
Oct 27, 2021 11:38 AM

Interesting BTC chart: BTC has to test the EMA Ribbons 

Bitcoin / U.S. dollarBitstamp

Description

Since BTC broke the Daily EMA Ribbons, it hasn't tested the Ribbon. We can test it like we did often before. It would bring us to +/- 54k, wich is also the price target of the Head and Shoulders Pattern. Don't panic and give Bitcoin a little rest. We can only appriciate a test of the EMA Ribbon, because this will give BTC more strength to rally further.
Comments
Gunslinger2005
on that same chart btc also dropped below the ribbon just as many times
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