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BTC is breaking down the uptrend channel. Target is EMA 200.

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For now, Bitcoin is respecting the EMA 50 and we did not see a new lower low yet. A new low may take the bitcoin price to the 7.5k mark.

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Difficult days for the BTC. But the lower limit of the uptrend channel had been respected for now. Prices negotiated above the EMA 50 as I write.

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There is a guy here that I've been read him carefully, albeit he does not write much. His name is Avramis ( www.tradingview.com ). In one of his post (you can see here: ) he wrote: "In every technical analysis book you read, they mention that an uptrend is a series of higher tops and higher bottoms. But in no book that I have read do they explain how to...

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BTC closed yesterday below the upper line of the uptrend channel, and today the prices movements are respecting this line Observe the simetric triangle. I retraced the bottom line (see related ideas).

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BTC simetric triangle. A continuation pattern. See related ideas.

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BTC failed to breakout the ascending traingle and returned to the uptrend channel. In fact, while I'm writing this analysis, the price is being negotiated right above the upper limit of the channel. Fast line of MACD is going down, while the slow line is descending. In my opinion, and it is a personal opinion (do not trade based on it), the price will touch the...

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BTC seems to be trying to set prices above the limits of the uptrend channel (and break the short-term descending trendline). It seems to be setting a ascending triangle (note the decline in trading volume). What do you think? It the correction over?

mmsantos.br Updated 

BTC continues to respect the bullish channel. There have been some unsuccessful attempts to break the upper border. New failures to break the upper boundary of the channel can lead the bulls to weariness, which would allow the price to be traded near the bottom of the channel. The EMA 50 should act as strong support (it remains near the bottom of the...

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Hello friends. About BTC, I wrote on July 2 (see related ideas below) about the possibility of the price being traded on a bullish channel. I made a later warning about the possibility of a breakout of the channel, which actually occurred on July 3. Today, July 4, BTC continues to be traded with prices well above the uptrend channel. Observe MACD: the slow...

mmsantos.br Updated 

BTC had apparently been trading on a bullish channel. On June 22, the upper limit of the channel was broken, culminating in the peak of June 26. From then on, a movement of price correction began. Right now (July 2, 18:06 GMT -3), the price of the BTC seems to seek a reaction. Let's see if prices continue to trade within the channel boundaries. MACD analysis...

mmsantos.br Updated 

This is a preview of a monthly time frame analysis of Bitcoin price.