Buying Opportunity on BitCoin
The strength of the Dollar is undeniable. All currencies are losing out to the power of the Greenback as it seems to be able to absorb all the tumultuous moves in the Market right now. Bitcoin is suffering as are all others. This being said we are on an are of significant support on Bitcoin and I am looking for Buy signals in this area. July's Bullish piercing pattern gives us a strong hint that Buyers exist in these lowly areas. I will next show a 4hr chart to illustrate my ideas of where that buying opportunity could arise.
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