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Bytecoin / Bitcoin

BCN Falling Wedge Coin for pumping A reversal of the local trend

By SpartaBTC
Updated
BCN Falling Wedge. The price went beyond resistance. A reversal of the local trend is possible.
Coin for pumping. Trading in a trend that is developing.

Past series of pumping prices of this coin.

Bytecoin BCN. Breakdown. The beginning of a series of pumps? 666



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snapshot Local horizontal channel support breakout. It is not possible to short with a coin as there is no margin. We are waiting for a new entry point. Safe entry - when the price returns to the area of ​​the local horizontal channel with significant buyer's volume.
A large player makes a set of positions with a martingale with the further pushing through the price with the accumulated volume. Nobody can resist him. The task is to knock out all the major holders. Also, due to the fact that it is not possible to work with a coin in two directions, traders suffer losses by giving back the previously gained volume. When faith is "killed" the trend will finally reverse.
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snapshot
Concave local bottom. Important resistance and price reversal zone.
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snapshot There was still no entry point. The downtrend continues. Faith is finally killed in the holders.
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snapshot Break of the downtrend line. Concave bottom. Trend reversal.
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snapshot The previous breakout was false. Perhaps this time everything will be different. Coin casino as there is no liquidity
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snapshot + 140% 1 wedge break target achieved. The momentum develops
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snapshot
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BCN/BTC Откат после пампа. Выравнивание цены. Объем (фальш)
altseason2020BCNBCNBTCbytecoinChart PatternscryptocryptocurrenciesCryptocurrencycryptotradingtradingTrend AnalysisTrend Lines
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