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Considering this year's price action, it is getting hard to keep heads up and think positively. We all miss these enormous rallies of the Bitcoin, but still, many people believe in blockchain technology and Bitcoin in particular. This idea was created for the sole purpose of spreading the positive energy and putting the smile on your face! Please meet the Binosaur...
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I think we should consider Monero reversal scenario
@CopyPasteProfit, I see your smart money buy area... but.... is true smart money even in that name ? cough xlm
WBM_Team
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Thanks for sharing. We think we won't fall lower. One of the most important factors of the BTC’s network is its sustainability. How is it achieved?
Through miners. Why do they mine? Some of them just for fun but the vast majority because they earn money this way. When do they earn money? To make the story short – when their costs are lower than their income. What is the major cost of their operational activity? Electricity. Read more in our analysis.
ApexLemur
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thats the problem, dinosaur? if people who make charts like these are buying cryptos no wonder it keeps dropping
InvestingScope
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Unfortunately the Binosaur has to hold out for one last low. We are currently long to 5,900 and then short for a final bottom:
BTC Inverse H&S being created - we may have a temp. bottom here. Long opportunity for a 2.5% gain possible as listed. If price gets above green line you can add to your long and take it toward the red supply block. Stop should be 1-2% below RS wick low.
Mind you, I am still bearish and believe that 3k-4.8k is still in the works.