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Author Topic: Are we in a ranging market?  (Read 272 times)
Cherylstar86
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August 03, 2020, 11:42:44 PM
 #21



In short term BTC looks bit bullish.It's actually trading inside in bullish pattern.If it breakout the zone  of $11300 then there is a possibility to to touch around $12k-$12.5k.As a result of this it Will overbought & RSI Will be bearish then we might see a correction from BTC.

On the others side if BTC breakdown the 10900 level then we might see a dump around $10500-$10300.Last time BTC was broken the important $10500 level then touch $11500.There was a possibility to retest at $10500 level but it Was just wicked at $10800.

If BTC break the pattern the we may See a pump & it will create a bearish divergence form. If it breakdown then more possibility to retest 10500 Level.Also we might see another volatile condition of Market.So while you are in trading in $ALT Coins must use stoploss.Better not to create new position. Happy Trading Guys.

English Grametical mistakes should be merginable!


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📉 Lasky366 Technical Speculations📈

Hopefully we will see more positive signs right now, and what's ranging nowadays is the aggressiveness of everybody. Every person must be careful and don't take for granted every steps that might be profitable in the future m early selling isn't good unless there's bullrun happening. Road to 20k hasn't come, so observed the proper market trend every now and then, because surprises maybe very thrilling in the future.
Lasky366 (OP)
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August 04, 2020, 07:36:24 AM
 #22



$BTC Update

Local picture looks bullish as we fixed above the Pivot Point at 1H, keep charting in the Ascending Channel and now have crossed the 11.350$ Horizontal Resistance Zone. However I would require a fixation above the Broken Resistance first, before to jump in long.
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