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Goldkingcoiner

Fake-out bear trap scenario:Attn: My bull scenario is much more likely: chart/BTCUSD/8awAtzEc-Bullish-trend-possible-if-we-break-8502-99/ Fake-out bear trap scenario: RSI swing rejection at $7241.16 towards the new lower top of $12930.11 My bull scenario is much more likely: Long term: Bitcoin and blockchain sentiment uncertain but seemingly improving. Altcoin prices starting to warm up from the crypto winter faster than expected as an indirect result. A bullish pattern to the next lower top is a short term question of "when".
BITSTAMP:BTCUSDLong
by Hol10
2
Bullish trend possible if we break $8502.99Bullish trend possible if we break $8502.99. $8970.69 and $9726.74 being the next fibonacci resistances. The new upper golden ratio of $12,930.11 is the lower top of a possible bull market. In the scenario of a fake-out we can assume the market to have low volume activity during the coming days. I will post another analysis with a bear scenario in case of a bull trap. Long term: Bitcoin and blockchain sentiment uncertain but seemingly improving. Altcoin prices starting to warm up from the crypto winter faster than expected as an indirect result. A bullish pattern to the next lower top is a short term question of "when".
BITSTAMP:BTCUSDLong
by Hol10