Is this a new anticyclical long-signal? Can the new "3" be bulit? If not, i see more downwards-potential below the actual shortterm-trend. . The massive breakout has to be consolidated, this could be healthy. A first TP on the downsiide could be 705$ (EMA and last Low). The next TP could be the former longterm resistance, which turned into a support-level @ 680$. The "normal minimum" correction would be the 38,2 fibo-retracement @ 652$. Prices above 780 will generate a new buying signal
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Support 1 and 2 (former longterm resist - (Breakoutlevel wedge), now supportzone) reached. Support 1 (last valid "3") recaptured..now it`s getting interesting
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further Information about 1-2-3 trading? please have a look at
If you like it - please like it :-)
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kissed the minimum correction level fibo 38,2 at 654!!!
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The in my former Analysis shown Pivot resistance Level at 680$ is still valid! In a very small timerframe (15min Chart), this Level is corresponding to a possible H&S. Should BTCUSD1.26% trade above this Level, a Minimum TP could be 701, the max. 735$ Trading below 680 will strengten the bearish momentum. For further Information about further possible targets on the downside, please have a look at my other analysis
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isn`t that nice? At this moment we have touched the fibo 0,5! cheers!
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Bubble has burst!! Now the cards can be mixed new
Trade geschlossen: Ziel wurde erreicht
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reached the maximal correction level , fibo 61,8...here the upswing could go on..is that the end of the consolidation?
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The_Cannalyst
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ups, tthis is the right chart..sorry :-)
deedee
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Please be merciful on the souls like us who r still sittin invested like bakin pancakes lol ! When will the Upswing start!
The_Cannalyst
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hey bakin pancake :-) perhaps now a new buying wave can start, we have reached the maximum correction level at 576..now its time to turnaround :-) ?
The_Cannalyst
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deedee
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lol! U r simply superb! Is it time for all in as yet ? ;)
The_Cannalyst
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it`s never time to go all in :-) The power of trading lies in a good and sustainable Money Management...i think positions with max 2-3% of the trading capital is optimal.
deedee
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Cheers!
The_Cannalyst
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yihaaaaaaaaaaaaaaaaaaaaaaa
crazystupidcrypto
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about to break the trend-line. ohh. great chart btw