Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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The price has left the Downward Channel and can start a huge rise from this place. It often happens that the price move with a strong impulse after breaking out the Channels. Potential profit will be in 3...5 times bigger than risk.
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Comment
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Comment
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I see many BTC ideas with bearish predictions. But I don't see a reason for this...
No. Channels just mean it's strengthening and you're already too late. But that isn't the case here. Bitcoin back down to 6550. One more drop for 2020 bull ride.
Yuriy_Bishko
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@comtest.Germain, You will be a rich man with such cool prediction!
Yuriy_Bishko
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@comtest.Germain, thank you for sharing your thought!
@Yuriy_Bishko, its turning back from fibbo 618. what i see is next target is 4500$. your analysis look good.
RockBuddy
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Not comfy yet to take the longs, this could be a false breakout and often happens in BTC. Need more confirmation, there is a short term long opportunity to test Weekly Open.
Wow, that's a nice trade plan mate, Did you noticed that we have a hammer in position on D1. This is what my tech showed earlier. And wish you all the best in this longing!