As long as btcusd is trading above ist 38,2 fibo, a further upwave could be exspected. Should the Triangle be triggered, the TPs are:2970 respective 4000$! Below the triangles bottom, i exspect a sharp sellingwave down to the ema 200 at 1685$
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and here is the sharp selling wave..perhaps the ema200 could be a nice entry ?
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rsi Looks good...now we just Need to break the downtrend, than a killer buying wave could perhaps be initiated - the Chart is strong bullish then
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phantastic
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nearly reached tp1 now we have a new MoB , the ATH ;-)
I somehow feel it could be slight upward move from EMA 200 may be 2 - 3 candles and a further reversal till 1470 as all the players who missed out in the earlier wave would jump in at this moment to make the loss lol ;) anyhow excellent chart MJ Bro!
oaksacorn
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Nice chart MaryJane!
nakov
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I don't see it falling below 0.5 fibo, where there is a strong reaction from algos. Maybe it will even keep 0.382 fibo this weekend. Why? Not enough time for a free fall. Segwit will get locked-in next week.
ActionBronson
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@nakov, I see it hitting the 0.5 fibo but not necessarily in that time frame... It may start going parabolic when the panic strikes