Bitcoin is currently stuck in a tight price channel, red vertical(slant) line represent the resistance, while the green vertical(slant) line represents the support. A possible breakout should see price go high up to $14,000 while a possible breakdown might see price go as low as $8,000, before any relief. In crypto-trading bitcoin controls most of the other altcoins especially with correlation being at all time high, hence it dictates the direction which this coins will go.
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hey guys, we had the break above the 10,800-11,000(we had the breakout scenario play out).... currently, continuation pattern ranging around 11,300-11,400, i expect a move to 12k's before lil retracement. @finville, we are currently long in all our positions, with trailing sl.
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we are gradually approaching our grand-take profit(14,000)..