We have two scenarios here before Aug 1
1. A big move up. Retesting the resistances and entering the supply zone above 2800.
2. A move down (of course :P). The correction continues.
We just need an important fundamental news to trigger BTC to move BIG.
1. A big move up. Retesting the resistances and entering the supply zone above 2800.
2. A move down (of course :P). The correction continues.
We just need an important fundamental news to trigger BTC to move BIG.
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Price just needs to stay afloat 2,600, and we're all good.
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Watch out for these price levels (yellow horizontal lines)
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2658 was the price reversal for the first retracement down.
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was too hopeful in my previous analysis. Bitcoin will be moving sideways from hereon waiting for a big move on or before Aug 1
the current setup says that there's distribution, sellers gradually selling, and buyers buying hoping it could go beyond 2,700.
the current setup says that there's distribution, sellers gradually selling, and buyers buying hoping it could go beyond 2,700.
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so being hopeful was right. LOL
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2750?
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according to the market depth, there's a huge wall at 2750
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2800 next target
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The reason behind this rally while altcoins lag? People are after the FREE coins from Bitcoin Cash!!!
Most exchanges are giving them for free at 1:1 ratio. That's why you should buy bitcoin now. LOL :P
Most exchanges are giving them for free at 1:1 ratio. That's why you should buy bitcoin now. LOL :P
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I'm just kidding guys. Buy bitcoin at your own risk. You wouldn't want to buy in a rally. Sellers are waiting at the end of the rally. Who knows when profit taking will start.
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Could potentially rest near 2700 first before going back up to 2800
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2800 here we come
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retrace down then move up again. People will keep buying because of the free Bitcoin Cash on August 1