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Locally, we can do a triple bottom, and then go to growth.
Also on 1D we can make a double bottom with a false breakdown of the September minimum at the level of 167.3 dollars and then go to growth.
But of course it all depends on where Bitcoin will go.
Push like and Subscribe, it motivates me to post ideas as often as possible.
Current week Major CryptoCurrencies dropped price by rumor.
. Price drop but transaction volume increased.
. Major CryptoCurrencies price now are lower than production cost(Power consumption cost + Rental cost + Depreciation cost). (Buyer cost is lower than miner cost)
. It looks like an XABCD bottom formation.
Possible Target D1: it is around USD171 to USD174 ...
ETHUSD in accumulation
Entry at $175 or below is fine with all the selling the past four days. $191.19 will be resistance but should easily be taken out on the squeeze. $201 is the next resistance point. I feel this will be the resting spot after the squeeze. The bears are gonna let it go because it works for them. The only choice long have is to surf these waters by opening and closing ...
& even at $90 people who bought Ethereum at the "Presale" just 4 years ago are still up about 30,000%. Amazing!
!!COMPRA DE ETH BUY !!
GRAFICO DE 1H
Almost 200% profit in one week using 10x leverage. Contact me to sign up for the BTC Machine Indicator. (available for 0.05BTC per month)
168-170 with tight stop at 167 :)
similar pattern .... strong buy before sunday sunrise gmt
Going for a quick long play here before drop again!
Low risk trade. Be smart. Good Luck.
This is not the financial advice, Do your own research before investing.
Given the bearish momentum in the crypto market, another leg down would not be surprising. Another leg down like the last will have me comfortable actually entering some longs.