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Tuesday, October 6, 2020

brief TA on bitcoin

brief TA on bitcoin


Bitcoin is currently stuck in a tight price channel , red vertical(slant) line represent the resistance, while the green vertical(slant) line represents the support.
A possible breakout should see price go high up to $14,000 while a possible breakdown might see price go as low as $8,000, before any relief.
In crypto-trading bitcoin controls most of the other altcoins especially with correlation being at all time high, hence it dictates the direction which this coins will go.

from Trading Ideas
via gqrds

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