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Callmepope
Apr 27, 2018 4:13 PM

Two possible routes for Bitcoin 

Bitcoin / DollarBitfinex

Description

Route 1: double top at 9700

Route 2: new high (probably break 10000) and sideway for a few days then crash (the bar pattern on the right are the rally after Bitcoin broke log-chart triangle in 2014.

So short-term still bullish until 9700. I don't think it will go higher than 10600.

Comment

The second top is much lower than I expected. Now it is moving to 8700-8800 level to find support.

Comment

This could also be a preparation for 10k pump if you read it as a huge bull flag on day chart. The decreasing of red volume makes it looks like a bear trap. Anyway, still need to wait more to confirm.

Comment

Although it breaks to the upward, the huge selling pressure keeps it below 9300. This is not a trading zone.
Comments
Crypto_WICK31
we can expec a bounce from 8.8k level or will i be a RED day
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