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choseongmin93
Sep 27, 2020 10:44 AM

Bitcoin bear market phase / October-November Short

Bitcoin / United States DollarCoinbase

Description

Hi, i always post a TA When i see a Big bear movement, see my previous post ^^

The situation is unclear, Moving side to side showing bullish or bearish momentum; For the last weeks we can see that clearly the volume has decreased, therefore a big corrective or bullish wave is incoming. For the last days the bulls tried to break the triangle formed HrHesistances in the 10800 level which had been rejected three time

SP500 Shows signs of bearish momentum too, and a big corrective wave incoming with election days inestability; coronavirus economical damage to the world.

Short Entry signal:
10650-10800 (Stop loss, very very tight/10860)

Target1: 9200
Target2: 8800
Target3: 8500 ( the 8800~8500 zone is the critical support for bitcoin to mantain a new refreshed bull wave formation)

Have fun :D
Comments
PolarHusk
NiceIdea
WeAreSat0shi
No. Your actual chart shows something else.
RocketBomb
It would be interesting to see...

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