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Bitcoin

Rebound within the triangle...

By Domsax48
Updated
Price has perfectly rejected the upper side of the triangle. We will see if main support around 6000 holds, and if triangle breaks (which is very near), then which direction.
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Outta' the smaller downtrend...
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A confident 10/3 EMA crossover, and ADX at 10 is almost crossed too. At least a minor bull run is in sight.
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Important levels to watch:
6800
7500
8400 (by this level we will likely be out of the greater downtrend)
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Seems we carved a higher low. Now we need a higher high. 6800 remains key level.
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Wow, blasted through the roof. Now 6800 has to remain support, next target is 7500.
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Moment of the truth!
Currently it's above 7500, question is will it stay?
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After a brief faltering, it blasted through (smashing some altcoin-BTC pairs' prices on the way). Let's see if it goes through 8k and 8400 in the upcoming days.
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8k cleared, but it has to stay there.
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...and it' banging the 8400 door already.
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...but got rejected, at least momentarily.
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A return to previous support, it seems.
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Bounced at support.
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Broke the 200 EMA, but the 50 EMA can act as support.
Chart PatternsTrend Analysis

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