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Bitcoin: Breaking out? Consolidating? About to Drop?

We have been getting stuck in these sideways moves for a while now with Bitcoin, so what do you think?

1 = About to break out.

2 = Consolidating and will continue sideways for a while.

3 = This is the top and expect a drop back down the chart.

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Peaked through again. Could be a good sign.

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Adding this image as the 1,2 and 3 positions don't display on all resolutions.

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So indecisive but a big daily range of 6% as bulls and bears battle for direction.

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Personally, I'm hoping it's 1.

Thinking its probably 2.

And in Denial for 3.

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Squeeze was on so breakout it is:

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........ and back to range trading. Boring :)

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Broke below support and more sideways action.

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Finally back up above the 20 and 50 day moving average that were providing resistance (if you believe in that sort of thing). MACD looking more interesting though. Back below the 0 line and crossing which often indicates a bullish value area.

zAngus

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zAngus

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

TRADINGVIEW TIPS: YouTube.com/@zAngus

Also on: