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RE: Bitcoin Trend Series / EP. 656 / The Confirmation Line

in #bitcoin • 6 years ago

I am confused about your long term analysis. Intially BTC was trading a bit outside the AB-CD Butterfly pattern but now it looks more like a break-out. Could you please explain why the pattern is still relevant and not requires updating?

6 years ago in #bitcoin by
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     6 years ago 

    Conform 4H Chart , we wait to see what will happen around 6.842K, as breaching this level will provide positive factor, to lead to a climb towards 7.150K followed by 7.360K.
    But in the same time weekly stand the same to show the new potential low around 4.3K.
    So most likely the price will go up towards 7.360K before any new attempt to decline.
    Thanks for support.

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     6 years ago 

    So that new attempt is about to start.... let’s see

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