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According to the previous analysis and as expected, the correction has continued to the extent of 7,500, and currently stands at 7950
Dear customers who have done the bargain at a price of 7,500 to 6,600, they can drop out of the range 8,000 to 8,200, expecting to cross the 8250-8300 resistance range, in which case the chart will be updated...
It is in good condition, but for the ascendant, the resistance bar should pass through the range of 11700
In the event of passing through the resistance, we expect a very good movement of the currency
Looking at the timing of frames below 4 hours and citing saturation in the indicator, one can expect another short correction.
The most significant resistance on the chart is in the 1900's, with which we will see strong moves from this currency.
Loss limit for current range: fix below 1350
As long as the price below 920 is not suitable for purchase and the probability of suffering in this range is high
In the case of a drop in purchases in the range of 750 to 770, Risk will be good for Riviera
And the story continues...!
So far we have witnessed a positive move from Bitcoin since 6100 and the fall from 7400. Which is a good sign of reversal!
In higher 4H time-frame, the correction from 6840 down to 6350 was the final wave of the big correction and then we might have the new ascending waves to reach us for the long-term descending trend.