3Day time frame
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Bitdao takes almost 1year to create a potential inversed head and shoulders.
Trade with the downtrend getting breakout, and targets as marked.
Final target is 1.0350
BYBIT:BITUSDT.P
4H time frame
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According to Elliot impulse wave, BIT is on the path of 5th wave.
Take entry from 0.47~0.48
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TP: 0.61
SL can be triggered if uptrend is broken.
Bitcoin Decending Triangle Breakdown And Now Retest The Triangle And Entry Will Retest And Stop Loss Shift 20250 And Take Profit 18800 2nd Take Profit 18200 And Third Take Profit 17800
Resistense 19400 And Now Short Stop Loss 20250
Bit seems like wants to repeat the pattern which it did last 3 times , with breaking the raising support line.
On Average after we break this key area , we got a 25-30% move to the downside.
From moving average perspective BIT was rejected by EMA 55 once again.
On the daily RSI we can see that Hidden Bearish Diverge is forming once again.
On the daily MACD we can...
Price always repeats itself and this is no zone to short but a accumulate.
The same pattern has been forming in January and June 2021 and guess what is is going to happen!!
War is used for the next massive wave of inflation and it has already started with bank bailout and massive money flowing to military companies like lockheed Martin and Northrop Grumman.
i...
