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TradingAlchemist
Jan 22, 2020 2:37 PM

Great opportunity to buy bitcoin Long

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin does not want to move anywhere.
But here it’s more likely a plus for LONG traders, since support lines are rising, and therefore Stop Loss can be done less.
Perhaps the price will reach the intersection of two support lines and then price will begin to grow.
For those who trade short-term, this is a great opportunity to open a long with a small stop.
About this support line
Comments
LENoyce
This post aged in a pretty bad manner.
kardia
The sad thing is people are buying thinking they are getting Bitcoin at a good price.
magulya
@kardia, Agree, but let those idiots to buy so later they will eat shit))))))))))
UnknownUnicorn2774089
well that ended badly
Saeed966
alvinaryankala908
@Saeed966, how dud you make upper resistance line? There is no other point to support that. We broke the resistance line at 8100s
Soulfly407
It is really interesting to see how wrong you are all the time
InvestingScope
With the 4H MA50 turning into Resistance we are much more likely to see 7900 - 7700:

CAS_Trading
Good idea!
OTM.Investments
Again a ooof
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