Resistance spotted for Bitcoin at 4321. Let's see if it respects the level.
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The door might get narrow when all the coinholders want out at the same time. Lol.
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3333 is first support. But we should get lower than that. Much lower.
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Overshoot by 7 usd, but close enough.
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Today it overshot by additional 70 usd. However, the big test for price is whether it can close above. Only then are higher levels confirmed. So far, all the consolidation of the candles are happening right below 4321, so Bitcoin knows about the level,which is a good thing.
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7 % fall. Lets get more.
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Few things are less beautiful to see than bubbles bursting :)
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I think the 2017 top in Bitcoin is printed and this current bounce is just to verify the top.
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So far no higher high. Bloodbath is welcomed for third wave down.
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Breaking significant above 4321 and holding above like price has done invalidates this idea.
Level calculated based on base price of 3, by a function of Gann sq9, separated by 1440 degrees (4x360). The mid-section held very well, and I would expected greater resistance at 4321 based on this.
Momentum is very high, and further projections to where price might top out would be difficult.
Level calculated based on base price of 3, by a function of Gann sq9, separated by 1440 degrees (4x360). The mid-section held very well, and I would expected greater resistance at 4321 based on this.
Momentum is very high, and further projections to where price might top out would be difficult.
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Bitcoin is actually getting close to the 3333 support... Not that it matters now :)