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marketmind3
May 21, 2019 2:28 PM

Bitcoin - Short-term pullback possible but Weekly Charts UP 

Bitcoin / DollarBitfinex

Description

Some minor negative divergences on the daily charts point to some possible short-term weakness.

But the weeklies show nothing but strength. With that backdrop, its dangerous to try to be too cute and trade short against a strong uptrend.

I'll hold my longs, and possibly add in the 6,000-6,400 area if it gets there and technicals give the green light.



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