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WoodyWoodyWoody
Jan 22, 2021 7:27 AM

Bitcoin consolidation pattern end game Long

Bitcoin / TetherUSBinance

Description

The bitcoin price has potentially shown us some new levels for support and resistance levels
We've found support off a multi week trend line which seems to give us new parameters for the consolidation pattern in play, possibly indicating a prolonged consolidation.
This will allow the 20 week moving average to catch up and potentially suppress volatility on a break down.

Still very bullish long term
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