Long btc
tradingview
02/12/2019
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Long btc



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Well, well, well, I see a bullish candle on the close of the last 24 hours for bitcoin. Just a very small sign that short term, the buyers are slowly winning. Now, this doesn't mean I am bullish, not even close, it's just another little observation of what I see represented on the chart. Enjoy

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Lastly, when we look at Bitcoin BTC we see much more of a neutral chart. We are forming an overall pennant with a descending resistance / ascending support level (would like to see one more point of contact with support before any upside breakout). Along with that, our RSI is showing resistance at 60 which means we are still on neutral grounds, and the MACD is beginning to show weaker buyers. Since the EMA and 50 MA is beginning to converge, I am expecting a breakout soon. In my best prediction, I would assume a retest of our ascending support level before any further upside.

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Our way out of this rut.

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BITFINEX:BTCUSDundefined