Just my analysis and prediction, not financial or trading advice. Looking to see how this plays out, but will likely be buying lightly on the way down.
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www.tradingview.com/chart/JAItSiCd/ Trend line from 2015. Will it be enough to hold a bounce to begin the bull market?
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BTC RSI below 30 on the weekly back in 2015. Can we expect it to do the same in 2018?
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CMF bullish divergence
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Looks like the Play feature is not working. Here is a chart update showing that we're getting closer to the 207 EMA and 2015 trend line. Also keeping close watch on the Weekly RSI reset.
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Time for bounce before continued downward move?
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Touched 207 and 2015 trend line!
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Dip buy target met. In Long BTC at 3600. Going to play the bounce.
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As predicted, the 207 EMA was reached and violated. Now BTC just hanging around in that area, very oversold through to the weekly chart. Expecting small correction back up given the 4hr Bull div and high shorts to longs ratio.
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Looking for a break here at 3450 to be bullish on a retrace. If not, expect to hit 2800 next.
Trade closed: target reached:
Sub 4K achieved!