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BITCOIN, Watch Out!
Bitcoin
Short
BITCOIN, Watch Out!
By lalayev
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Updated
Sep 20, 2021
8
Cheer
Cheer
Sep 17, 2021
After breaking down from H&S pattern, Bitcoin managed to bounce from $30,000 level and retest the neckline, where strong rejection came in.
Now, Bitcoin moves in an ascending wedge pattern. I expect it to hit mid level of 50-51k and then break down from it.
In order to take out the new highs, Bitcoin would need to close higher than the previous high at $53,400.
Sep 20, 2021
Comment
US and European stock markets are falling, watching the support line closely
Sep 21, 2021
Trade active
Sep 23, 2021
Comment
Broke the support line and now moving upwards to test it.
$46,000-$46,500 is a key level.
Bitcoin (Cryptocurrency)
BTC
Chart Patterns
Technical Indicators
short
Trend Analysis
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