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Caution here!!! Bulls looking good on the daily but there is still a lake of volume. Bulls still need to break the reverse head and shoulders neckline before we can be confident of further bullish momentum up to 5k or 6k BTC levels. The long-term weekly trend still needs more strength before bulls take control of the weekly. Best of luck!!! @crypto8020
BTC could be in the process of moving down to test the high made in late 2013. Multiple indicators point toward $1175. However, we will most likely bounce from 3K before the possible continuation down. Best of luck!!!
~ Inspired by @GoldBug1 and @MarcPMarkets
In our weekly BTC chart, the lower green circle is showing the 100 day moving average. The upper green circle is the location of the 100 day moving average on the daily BTC chart.
If you only have 10K to invest, risking the entire 10K and being reactive makes you weak. Putting $600 at risk...
The BTC market has a well established higher low near the 6400 level, and it continues to show bullish signals. The longer it stays slugish, the greater the short squeeze will be. The herd is either bearish, or bored.
This is the sort of environment where great opportunities arise.
We are long. Its only a matter of time before the market breaks...
I've been posting this chart to telegram and Facebook -2.33% @Crypto8020 since the beginning of the year. Humans are very predictable and history repeats itself. See full thread and strategy on telegram channel (Crypto8020) or Facebook -2.33% page @Crypto8020. More updates to come.
History repeats itself!!! (See Dec 2013 Chart BTC/USD Bitfinex)