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Mr_J__fx
22. Aug. 2020 09:13

CRITICAL SUPPORT & RESISTANCE AREA ON THE WEEKLY FOR BITCOIN 

Bitcoin / U.S. dollarBitstamp

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Let's see how Bitcoin will Close this Weekly Candle to Recognize better WHERE it is Headed in the Near Future Term.

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KEY LEVEL TO WATCH
0.786 Fibb.
NOTE that this Particular Level is a strong Support and Resistance level since from January of 2018

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Weekly Candle when this post was published managed to Close Green[tho barely touching the Fibb'line @0.786 Fibb. light blue line, and we opened this Weekly Candle strongly when the price went to close to reaching 12K (11.960$0).
BTC's next target is the wick of 12.4K UDOLLAR [the wick], but firstly, BTC needs to determine a STRONG SUPPORT on the Fib Level 0.786 [11.7K to be strong Support for continuation of upward movement]
This month in particular[First Idea on Monthly] is DECISIVE, especially these first two weeks to determine the Weekly Trend.
HOLD YOUR EMOTIONS AND MOST IMPORTANTLY
TRADE SAFE
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Mr_J__fx
:)
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