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Author Topic: Bitcoin Technical Analysis for 12/02/15 Honeybadger fell asleep  (Read 249 times)
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December 02, 2015, 09:27:52 AM

The recent price action was quite unexpected. Despite all signs pointing to an upcoming crash post the black friday hype, the honey badger didn’t sleep

However, today the honey badger finally fell asleep as the unwinding of the week long rally up to a high of $383 came to an end. Earlier this month, after the bull run to $500, bitcoin settled at $380 for a week. A painful drop came next which brought the price down over 20%. As if the traders didn’t have enough action, a few bull traps came along. Finally, a stable rally began on November 25th, which as expected, exhibited the most trading volume on black friday. It all came to an end today as waves after waves of sells dominated the market.

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