Looks to me that we need to hit the .618 fib retrace as per usual. see an old post of mine and use in this bear cycle for same results. Therefore 8400 to 9k is coming.
AlanSantana
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@HowToBuyBitcoindotnetdotau, Thanks for sharing.
CognitoBTC
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thanks for the work Bro. i am more on bearish side as for now
AlanSantana
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@CognitoBTC, Thanks for sharing. I was also feeling the bearish sentiment but I think it is gone to neutral for now... Just sideways.
CognitoBTC
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@alanmasters, yes brother. Pleasure
mastaplan
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Thank you Alan. I personally agree the bears have a slight upper hand here and think we'll probably see another dip to $6800 or even $6400. But I think this will quickly be bought up by the bulls and probably continuing up to the upper channel around $8800-$9000.. from there who knows :)
AlanSantana
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@MaxyC, Looking good, I can see your scenario easily.
Thanks a lot for sharing.
Namaste.
imbusiness
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It looks like a little cup (from 23 till now) what it now becomes. I see this as the bottom that we have for 2019 and that it will grow now more and more. What you think?
AlanSantana
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@imbusiness, I am still open to seeing anything until more volume comes in... This low volume is very risky as anything can happen all of a sudden.
likebike
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A 200MA on a 4H chart is the same as 33MA on a Daily chart. Your 200MA is not as significant as you think it is.