Bitcoin Touched Support Line - We Need Decision to Go Up or Down

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Bitcoin price is close to big moves. It will go up or down. It is as stable in 65-66 K USD for three days. It will be time to make a decision to go up or down tomorrow. Because RSI Indicator touched uptrend line today. If it breaks down, we will see huge price drop and downtrend on Bitcoin price chart. If it is supported by this line it will go up fast and may break up all time high...

Here you can see daily chart of Bitcoin. Fisher Indicator reversed from the top and will go down. MACD Indicator also touched horizantal resistance. These are very hard to break up resistances..

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Here you can see 4-hour chart of Bitcoin. There is uptrend line on MACD Indicator. It needs a few 4-hour to be supported or breaking down. If RSI Indicator breaks down we will see breaking down on price. We will see 5th bullish trap..

I shared lots of analysis about this possible huge price moves on Bitcoin price chart and said I am sure for price dump. Time is running out and We are close to see this price dump.

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As I said at the tittle, we need to see decision of Bitcoin to go up or down. It will happen at tomorrow.

We will see..

Posted Using InLeo Alpha



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10 comments
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Lets see how it goes.

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Dropping just started..

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63K.. Just the beginning

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What would be the bottom ? Wait or buy now ?

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I will wait and follow the chart. Altcoins went down thanks to Bitcoin.
I need to see 57K. If it touch I will focus on and share my analysis.

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Because this is 5th bullish trap.
Traps takes long time not for one or two days...

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I will also buy alts only, BUT I guess, BTC going down will give the best opportunity ?

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Yes. You should follow Bitcoin price. I shared new post about possible 57K

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Waiting....Don't hesitate to reply when you think its time to buy.

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