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Popped up to .5 to be rejected
Bitcoin
Short
Popped up to .5 to be rejected
By pacman7331
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Aug 23, 2019
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Aug 23, 2019
.5 fibonacci, again acting as resistance as another descending trendline parallel to the last rejection is hit.
We have bounced off of 10k about 8 times now. I think we could draw a line across it and say it's a neckline of a triangle.
Using these two trendlines we can see another downward triangle, imminent completion.
If this is wrong, we simply create a larger pattern.
Stoch RSI in oversold regions on 4 hr, but no cross yet,
however,
4 hr Rsi hitting 55 a common resistance level.
40 on the RSI daily due to break after many tests.
Still safer to be shorting.
Chart Patterns
Technical Indicators
Trend Analysis
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