I'v been playing these bounces. Although it is possible we form some flag here and target much lower, I think this bounce may go farther. Let's see what happens when the price meets the 4h 20ma and 50ma here.
Bitcoin's a scam btw huehuehue
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We are channeling strong forces
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4h chart: multiple rejection at 50ma is strong bearish signal, even with support at 20ma
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Broke through 50ma!
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Continued support at this channel fib should see us move up (sideways not an option here imo)
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This area may be interesting for buyers. tbh I'm no longer so interested in crypto. but will keep an eye on bitcoin and eth
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So are buyers interested? Let's see
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Down we go
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4h 500ma providing support as predicted. will it hold? let's see where this goes... right now my bias is to the upside
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Price struggling to break 4h 20ma, not a chance of bullish until it does.