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EXCAVO
Sep 25, 2017 10:25 PM

BITCOIN 

BITTREX:BTCUSDT120
Bitcoin / TetherBittrex

Description

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Fibonacci

Comment

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The trend is still downward, the triangle broke up. I will buy after breaking through I will buy after breaking through Gann fan (yellow line) 4050-4100 area

Comment

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61.8% zone
Trend AnalysisChart PatternsTechnical IndicatorsBTCBitcoin (Cryptocurrency)BTCUSD
Comments
michalvitek333
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What does this mean? Are you still short on BTC?
xlogic
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@michalvitek333, I second this question
buzbooz
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@xlogic, he changed his mind it's not falling to 3000 as he thought I guess
alejandroscotti
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@michalvitek333, I don't understand why everyone is so confused. All he's saying that we're still in a bearish cycle unless it breaks above $4100
nakov
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@scottialex, I'd say more of in uncharted grounds right now and waiting for confirmation of trend reversal at 4100 for bullish market.
alejandroscotti
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@nakov, yea
alejandroscotti
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@nakov, yea
UnknownUnicorn1317862
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Horizontal triangle is usually a continuation of a bear market... but it broke up...? Are you saying it’s continuing up... Or that we’re still in a bear market..? I’m confused
tradeshero
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@CryptoDonny, +1 I'm super confused also.
nakov
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@CryptoDonny, Excavo just wants an additional confirmation. What's the problem waiting until 4100, when it can go much higher afterwards. It's the delta btw. buy and sell and the risk that it entails. Buying at 4100 is lower risk. I thought it was pretty clear.
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