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BTC BULLISH! OPEN YOUR EYES!

By CryptoWyckoff
Updated
The uptrend is about to start. Since February 2018 an accumulation range was developed. Large institutions accumulated Bitcoin on their wallets. They always spoke ill of our beloved cryptocurrency while buying it behind our backs.
Bullish trend soon!! As soon as it breaks the levels of 11500 dollars, the uptrend will start.
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We can see Phases A, B, C done. Now on phase D, the last down trend felt more than expected. We have to notice the actual global situation of Covid. The fear of the market is perfectly reflected on the graphic with a downtrend from 11500 to 4000 dollars. This situation was used by the whales to introduce more bitcoins in their wallets. We can see it reflected in the great volume of the fall.

Tt is very likely that the last bullish movement is the start of the uptrend. We must wait for confirmation to break the level of 11500. In the subsequent pullback we will think about going long.
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Range in 1h. Could be breaking it. We are with long positions.
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Possible break of the downtrend line!
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One more confirmation of the uptrend.
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14/05/20 15m SHORT TERM BULLISH
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Beyond Technical AnalysisTrend Analysis

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