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BTC Quarterly: retrace below 20k is possible

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COINBASE:BTCUSD   比特幣
based on the July 2016 quarterly candle that retraced below previous ATH.

Before you have a spastic attack, keep in mind that even if BTC drops to 11k, it is still in the ascending channel and bullish.

And just for your information, I predicted this bull run from 10k, check the ideas below.

There is also a good probability that price action go up from here, unless it breaks down the long term rising wedge:






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