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BTCUSD part 2: 2019 uptrend has been broken
Just drilling down into the BTC price action where we can see the 2019 uptrend line has been conclusively broken. Price action has retested the SSR and MA support-turned-resistance and appears to be failing.
Not sure how many people still remember the ride from 20k to 3k? I personally think this is a more important dynamic than any blue sky valuation for an asset with no underlying demand beyond speculation. I find it amazing lots of exchanges will happily take my cash in exchange for crypto but not allow me to withdraw cash when I sell. Definitely food for thought here...
Again please do not flame me, I am just an technical analyst who calls the lines as they fall.
Not sure how many people still remember the ride from 20k to 3k? I personally think this is a more important dynamic than any blue sky valuation for an asset with no underlying demand beyond speculation. I find it amazing lots of exchanges will happily take my cash in exchange for crypto but not allow me to withdraw cash when I sell. Definitely food for thought here...
Again please do not flame me, I am just an technical analyst who calls the lines as they fall.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.