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On a daily chart Bitcoin is approaching a previos reversal area at 377 EMA (fibonachi number). Also RSI is forming a double bottom pattern and MACD didn't make a lower low. It's alittle bit risky though, since RSI and MACD can turn against us anytime, but I will definetely have a close look at that 7000 region for a reversal, even a temporary

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So we broke the bull chanel down and got stuck in the cloud with a ton of overhead resistance. We got Kijun and the upper boundary of the cloud combined with a downward 2/1 Gann fan resistance (green) and just a little bit higher we have bull chanel which now works as a resistance, as well as downward trendline of a bigger resistance (red dashed line). It is a...

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www.tradingview.com This is a critical moment for bitcoin. Will the bull chanel hold? Here are a few possible outcomes of this situation: 1 - Most bullish. The chanel holds, we get to the top of it and break it. A huge buy volume is needed for it to happen. Target - EUR9200. 2 - Bullish. Chanel holds, we get to the top of it just to drop to the bottom once...

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www.tradingview.com According to Gartleys's theory, this is a bullish pattern. Price should go further down towards 7400-7000 level. We can expect to see a reversal in that zone.

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KRAKEN:XBTUSD Bitcoin price has been moving in an upward channel since May. We recently touched the upper limit of this channel at $5840. Today's price fall to $5150 represented a 23.6% fib level and may be an early sign of a larger pullback, as it was in late August and mid-late June. Then it was followed by a sideways action but eventually collapsed to 61.8%...