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Upside Exhaustion Move In Bitcoin Is Over

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The recent bounce in the US major indexes and Bitcoin is likely very close to completion right now. I would urge everyone to pull profits and prepare for the next big wave (likely LOWER).

Fibonacci Price Theory suggests this trend is still bearish and Bitcoin would have to rally above $34,150 to start a new recovery phase.

My analysis suggests more selling is needed to flush out a real bottom. I suspect the ES/NQ/YM and other sectors will do the same thing over the next few weeks - move lower attempting to FLUSH OUT a bottom.

Pay attention to my research.
BradMatheny
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Também em:
Beyond Technical AnalysisBitcoin (Cryptocurrency)cryptosESTechnical IndicatorsNQSPDR S&P 500 ETF (SPY) StocksTrend Analysisym

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Beyond Technical AnalysisBitcoin (Cryptocurrency)cryptosESTechnical IndicatorsNQSPDR S&P 500 ETF (SPY) StocksTrend Analysisym
BradMatheny
Get More Great Research & Tools
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..

Join Ment.Com Expert Growth Today

Get Some.
Também em:

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.