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Why Bitcoin Fails Break above 10k? Multi- Timeframe Analysis

COINBASE:BTCUSD   비트코인
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The reason for price to fail breaking above the 10k level is Monthly time frame and its triangle which holds with a strong support and resistances. Also the major key level became very supportive. When we count on the Elliot waves it has just finished off the 4th impulse withing the triangle and 5th to be bearish and price drop is expected up to 5k price levels. Still the structure is very promising for another major correction before year end in order to show some massive market gains. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!

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Profitlio Trading ( Since 2014 in Financial Markets )
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