Since Bitcoin has been showing strength in the last few weeks, let's look at a possible scenario similar to the price action in November 2016. This suggests that Bitcoin's volatility will slow down and the price will gradually rise in the next few weeks. However, if Bitcoin falls back below the 200-day SMA, this idea will be invalidated.
Trade closed manually
Invalid.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.