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BTC | $11.5K

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*** Hunting the stop losses at 11K ***

Look at how BTC did in 2018 from 20K to 3.2K. Very similar to what is happening right now. First it crashed to $6,200, consolidated for a while, then crashed again to $3,200.

Today, BTC also crashes from $13,000 to $9,700, consolidates for a while, then crashes to $7,700.

Let's take a look back how BTC bottomed at $3,200. We had the 9th candle... a signal to buy. BTC closed above the 21 daily EMA with full body, consolidated for few days, then popped up.

What we have today? Same pattern.

So, I guess we are going to watch sideway for few days, then when it pops, it will send us straight to 11k-12k.

My setup
Long position: $8,500
Profit: $11,500
Risk ratio: 2
Stop loss: 7,200

Protect your money. Good luck!

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