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Kerstin_Ohlsson
Jul 3, 2019 4:37 PM

An idea of a straightforward "flag" 

Bitcoin / US Dollar IndexBitMEX

Description

Today I suggest, Dear BTC traders, that we should review the credibility of a "flag" execution in a mid-term run. "Price action" keeps steady on a 4-hour time frame, the fall from 13.7K to 10.4K is now followed by a messy consolidation. However, if you have a look at the graph the exit is more or less readable at approximately 9.3K with a second leg goal placed at around 6K. We dare to make an assumption that to sell @10870, upon our trapping of "pump" people from last night, would be propably not a bad idea. I hope I have given you a thought for an exciting opportunity in the coming days.

Kerstin Ohlsson, Xena Exchange Swinger
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