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keci
Jul 4, 2020 4:33 AM

Bitcoin can't break the downtrend therefore BITCOIN SHORT! Short

BITMEX:XBTUSD.P1W
Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

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Hi everyone, I think bitcoin will down because :

  • We have done a lot of try to 10k and we could not succeed in any of them. In some, we did not even try 10k. In addition, the volume is decreasing gradually.
  • People do not provide support to exceed 10kof this price. Of course, If we would have bitcoin exceeded 10k dollars then people would buy bitcoin.
  • 1w weekly Stoch RSI on top.
  • Can't break the downtrend Now I think that 1W will return at least m20 and m50 in a week. It is also M200 in 1D around m20 in 1W.

Comment

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My expectation still continues

Comment

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Seems to be broken upwards but still early for long position
Trend AnalysisBitcoin (Cryptocurrency)bitcoinshortbitcoinforecastxbtusdshortbtcshortbtcshortsignalXBTUSD
Comments
Kudiiee
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yes, you have a good point, we need a weekly close above resistance to establish a bullish bias in the market. appreciate the TA!
keci
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@Kudiiee, You are right but I think BTC is looking very weak
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